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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$306,644$313,110
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$2,024.46$2,167.91
2nd payment$0.00$0.00
Taxes / mo$100.92$100.92
Insurance / mo$150.00$150.00
MI / mo$144.69$62.62
HOA / mo$0.00$0.00
Total monthly$2,420.06$2,481.45
Cash to close$41,256$34,790