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$339,945$337,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.760%7.400%
Blended rate4.610%7.640%
1st payment$1,725.60$2,336.78
2nd payment$0.00$0.00
Taxes / mo$115.17$115.17
Insurance / mo$150.00$150.00
MI / mo$263.61$67.50
HOA / mo$164.67$164.67
Total monthly$2,419.04$2,834.12
Cash to close$35,055$37,500