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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$343,251$346,500
Remaining term (yrs)37.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.1%7.18%
Blended rate6.65%7.42%
1st payment$1,942.17$2,347.31
2nd payment$0.00$0.00
Taxes / mo$193.25$193.25
Insurance / mo$150.00$150.00
MI / mo$159.76$69.30
HOA / mo$105.00$105.00
Total monthly$2,550.18$2,864.86
Cash to close$41,749$38,500