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$362,729$292,491
Remaining term (yrs)29.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.630%7.320%
Blended rate4.180%7.560%
1st payment$1,657.80$2,009.21
2nd payment$0.00$0.00
Taxes / mo$270.83$270.83
Insurance / mo$150.00$150.00
MI / mo$166.51$58.50
HOA / mo$200.00$200.00
Total monthly$2,445.13$2,688.53
Cash to close$0$32,499