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$408,998$399,600
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$2,650.12$2,766.75
2nd payment$0.00$0.00
Taxes / mo$240.83$240.83
Insurance / mo$150.00$150.00
MI / mo$195.82$79.92
HOA / mo$0.00$0.00
Total monthly$3,236.78$3,237.50
Cash to close$35,002$44,400