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$391,082$363,380
Remaining term (yrs)29.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.250%7.400%
Blended rate5.800%7.640%
1st payment$2,162.05$2,515.97
2nd payment$0.00$0.00
Taxes / mo$336.46$336.46
Insurance / mo$150.00$150.00
MI / mo$179.45$72.68
HOA / mo$54.17$54.17
Total monthly$2,882.13$3,129.27
Cash to close$12,673$40,376