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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$331,175$324,000
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.11%7.18%
Blended rate6.66%7.42%
1st payment$2,023.06$2,194.89
2nd payment$0.00$0.00
Taxes / mo$101.58$101.58
Insurance / mo$150.00$150.00
MI / mo$152.85$64.80
HOA / mo$370.00$370.00
Total monthly$2,797.49$2,881.27
Cash to close$28,825$36,000