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$367,059$345,600
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.990%7.320%
Blended rate6.540%7.560%
1st payment$2,252.97$2,374.03
2nd payment$0.00$0.00
Taxes / mo$300.50$300.50
Insurance / mo$150.00$150.00
MI / mo$172.42$69.12
HOA / mo$54.00$54.00
Total monthly$2,929.89$2,947.65
Cash to close$16,941$38,400