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$382,508$369,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$2,433.50$2,554.88
2nd payment$0.00$0.00
Taxes / mo$167.68$167.68
Insurance / mo$150.00$150.00
MI / mo$183.66$73.80
HOA / mo$130.00$130.00
Total monthly$3,064.84$3,076.36
Cash to close$27,492$41,000