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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$320,833$305,999
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.070%7.400%
Blended rate3.920%7.640%
1st payment$1,516.43$2,118.68
2nd payment$0.00$0.00
Taxes / mo$110.00$110.00
Insurance / mo$150.00$150.00
MI / mo$252.51$61.20
HOA / mo$62.00$62.00
Total monthly$2,090.93$2,501.88
Cash to close$19,166$34,000