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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$309,814$313,020
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.18%
Blended rate7.05%7.42%
1st payment$1,965.40$2,120.51
2nd payment$0.00$0.00
Taxes / mo$143.00$143.00
Insurance / mo$150.00$150.00
MI / mo$142.52$62.60
HOA / mo$0.00$0.00
Total monthly$2,400.92$2,476.11
Cash to close$37,986$34,780