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$310,449$301,500
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.17%7.18%
Blended rate6.72%7.42%
1st payment$1,912.29$2,042.47
2nd payment$0.00$0.00
Taxes / mo$361.67$361.67
Insurance / mo$150.00$150.00
MI / mo$143.56$60.30
HOA / mo$0.00$0.00
Total monthly$2,567.52$2,614.43
Cash to close$24,551$33,500