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$358,856$359,910
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.320%
Blended rate6.260%7.560%
1st payment$2,144.97$2,472.33
2nd payment$0.00$0.00
Taxes / mo$189.75$189.75
Insurance / mo$150.00$150.00
MI / mo$270.27$71.98
HOA / mo$699.00$699.00
Total monthly$3,453.99$3,583.06
Cash to close$41,044$39,990