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$337,418$341,100
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.27%7.18%
Blended rate6.82%7.42%
1st payment$2,181.03$2,310.73
2nd payment$0.00$0.00
Taxes / mo$205.42$205.42
Insurance / mo$150.00$150.00
MI / mo$162.01$68.22
HOA / mo$0.00$0.00
Total monthly$2,698.46$2,734.37
Cash to close$41,582$37,900