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$326,260$319,500
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.070%7.400%
Blended rate3.920%7.640%
1st payment$1,545.43$2,212.15
2nd payment$0.00$0.00
Taxes / mo$96.33$96.33
Insurance / mo$150.00$150.00
MI / mo$257.34$63.90
HOA / mo$70.00$70.00
Total monthly$2,119.10$2,592.39
Cash to close$28,740$35,500