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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$291,718$297,000
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.22%7.18%
Blended rate4.07%7.42%
1st payment$1,404.83$2,011.98
2nd payment$0.00$0.00
Taxes / mo$27.75$27.75
Insurance / mo$150.00$150.00
MI / mo$229.52$59.40
HOA / mo$0.00$0.00
Total monthly$1,812.10$2,249.13
Cash to close$38,282$33,000