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$375,376$369,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.280%7.400%
Blended rate6.830%7.640%
1st payment$2,419.86$2,554.88
2nd payment$0.00$0.00
Taxes / mo$374.83$374.83
Insurance / mo$150.00$150.00
MI / mo$179.56$73.80
HOA / mo$0.00$0.00
Total monthly$3,124.26$3,153.51
Cash to close$34,624$41,000