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$307,278$247,410
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.07%7.18%
Blended rate3.92%7.42%
1st payment$1,461.89$1,676.04
2nd payment$0.00$0.00
Taxes / mo$107.83$107.83
Insurance / mo$150.00$150.00
MI / mo$243.43$49.48
HOA / mo$45.67$45.67
Total monthly$2,008.82$2,029.03
Cash to close$0$27,490