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$401,878$378,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.080%7.400%
Blended rate6.630%7.640%
1st payment$2,489.55$2,617.20
2nd payment$0.00$0.00
Taxes / mo$116.76$116.76
Insurance / mo$150.00$150.00
MI / mo$188.69$75.60
HOA / mo$66.00$66.00
Total monthly$3,011.00$3,025.56
Cash to close$18,122$42,000