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$321,314$269,910
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.1%7.18%
Blended rate3.95%7.42%
1st payment$1,530.38$1,828.46
2nd payment$0.00$0.00
Taxes / mo$182.25$182.25
Insurance / mo$150.00$150.00
MI / mo$253.86$53.98
HOA / mo$78.00$78.00
Total monthly$2,194.48$2,292.70
Cash to close$0$29,990