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$314,448$314,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.2%7.11%
Blended rate6.75%7.35%
1st payment$1,971.91$2,118.42
2nd payment$0.00$0.00
Taxes / mo$299.33$299.33
Insurance / mo$150.00$150.00
MI / mo$147.57$62.98
HOA / mo$0.00$0.00
Total monthly$2,568.80$2,630.74
Cash to close$35,452$34,990