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$305,791$295,200
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.86%7.18%
Blended rate3.71%7.42%
1st payment$1,431.20$1,999.79
2nd payment$0.00$0.00
Taxes / mo$328.25$328.25
Insurance / mo$150.00$150.00
MI / mo$244.82$59.04
HOA / mo$0.00$0.00
Total monthly$2,154.27$2,537.08
Cash to close$22,209$32,800