Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$318,928$310,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.510%7.400%
Blended rate6.360%7.640%
1st payment$1,925.52$2,149.84
2nd payment$0.00$0.00
Taxes / mo$82.17$82.17
Insurance / mo$150.00$150.00
MI / mo$239.95$62.10
HOA / mo$483.00$483.00
Total monthly$2,880.63$2,927.11
Cash to close$26,072$34,500