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$366,766$353,700
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.990%7.320%
Blended rate5.840%7.560%
1st payment$2,100.67$2,429.67
2nd payment$0.00$0.00
Taxes / mo$455.00$455.00
Insurance / mo$150.00$150.00
MI / mo$277.50$70.74
HOA / mo$83.33$83.33
Total monthly$3,066.50$3,188.74
Cash to close$26,234$39,300