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$394,800$396,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.250%7.400%
Blended rate5.800%7.640%
1st payment$2,275.56$2,741.82
2nd payment$0.00$0.00
Taxes / mo$445.67$445.67
Insurance / mo$150.00$150.00
MI / mo$188.87$79.20
HOA / mo$59.00$59.00
Total monthly$3,119.10$3,475.69
Cash to close$45,200$44,000