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$366,554$359,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.250%7.400%
Blended rate5.800%7.640%
1st payment$2,098.37$2,491.94
2nd payment$0.00$0.00
Taxes / mo$333.67$333.67
Insurance / mo$150.00$150.00
MI / mo$174.17$71.98
HOA / mo$78.00$78.00
Total monthly$2,834.21$3,125.59
Cash to close$33,346$39,990