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$360,148$360,000
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.480%7.400%
Blended rate7.030%7.640%
1st payment$2,275.79$2,492.57
2nd payment$0.00$0.00
Taxes / mo$88.42$88.42
Insurance / mo$150.00$150.00
MI / mo$165.37$72.00
HOA / mo$0.00$0.00
Total monthly$2,679.58$2,802.98
Cash to close$39,852$40,000