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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$351,770$342,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.12%7.18%
Blended rate6.67%7.42%
1st payment$2,190.52$2,316.83
2nd payment$0.00$0.00
Taxes / mo$149.08$149.08
Insurance / mo$150.00$150.00
MI / mo$165.32$68.40
HOA / mo$124.00$124.00
Total monthly$2,778.92$2,808.31
Cash to close$28,230$38,000