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$328,981$332,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.32%7.18%
Blended rate6.87%7.42%
1st payment$2,131.64$2,249.76
2nd payment$0.00$0.00
Taxes / mo$146.00$146.00
Insurance / mo$150.00$150.00
MI / mo$157.51$66.42
HOA / mo$0.00$0.00
Total monthly$2,585.16$2,612.18
Cash to close$40,019$36,900