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$385,377$387,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$2,497.07$2,679.51
2nd payment$0.00$0.00
Taxes / mo$252.67$252.67
Insurance / mo$150.00$150.00
MI / mo$184.51$77.40
HOA / mo$101.00$101.00
Total monthly$3,185.25$3,260.58
Cash to close$44,623$43,000