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$374,409$359,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.375%7.320%
Blended rate5.925%7.560%
1st payment$2,171.76$2,466.77
2nd payment$0.00$0.00
Taxes / mo$428.75$428.75
Insurance / mo$150.00$150.00
MI / mo$177.76$71.82
HOA / mo$69.00$69.00
Total monthly$2,997.27$3,186.34
Cash to close$24,591$39,900