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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$318,238$323,100
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$1,532.55$2,188.79
2nd payment$0.00$0.00
Taxes / mo$206.92$206.92
Insurance / mo$150.00$150.00
MI / mo$250.38$64.62
HOA / mo$200.00$200.00
Total monthly$2,339.85$2,810.33
Cash to close$40,762$35,900