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$350,563$341,991
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.120%7.400%
Blended rate5.670%7.640%
1st payment$1,955.56$2,367.88
2nd payment$0.00$0.00
Taxes / mo$531.92$531.92
Insurance / mo$150.00$150.00
MI / mo$164.71$68.40
HOA / mo$36.67$36.67
Total monthly$2,838.86$3,154.86
Cash to close$29,427$37,999