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$326,534$324,000
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.12%7.18%
Blended rate3.97%7.42%
1st payment$1,555.29$2,194.89
2nd payment$0.00$0.00
Taxes / mo$66.25$66.25
Insurance / mo$150.00$150.00
MI / mo$257.34$64.80
HOA / mo$0.00$0.00
Total monthly$2,028.88$2,475.94
Cash to close$33,466$36,000