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$364,567$350,100
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.320%
Blended rate6.810%7.560%
1st payment$2,269.07$2,404.94
2nd payment$0.00$0.00
Taxes / mo$294.00$294.00
Insurance / mo$150.00$150.00
MI / mo$168.73$70.02
HOA / mo$21.75$21.75
Total monthly$2,903.55$2,940.71
Cash to close$24,433$38,900