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$388,824$391,496
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.440%7.400%
Blended rate6.990%7.640%
1st payment$2,498.08$2,710.64
2nd payment$0.00$0.00
Taxes / mo$14.30$14.30
Insurance / mo$150.00$150.00
MI / mo$182.28$78.30
HOA / mo$4.17$4.17
Total monthly$2,848.83$2,957.41
Cash to close$46,171$43,500