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$360,010$352,800
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.000%7.400%
Blended rate4.850%7.640%
1st payment$1,875.07$2,442.72
2nd payment$0.00$0.00
Taxes / mo$109.64$109.64
Insurance / mo$150.00$150.00
MI / mo$278.20$70.56
HOA / mo$361.00$361.00
Total monthly$2,773.91$3,133.91
Cash to close$31,990$39,200