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$383,023$372,600
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.750%7.400%
Blended rate5.600%7.640%
1st payment$2,143.55$2,579.81
2nd payment$0.00$0.00
Taxes / mo$191.08$191.08
Insurance / mo$150.00$150.00
MI / mo$291.07$74.52
HOA / mo$27.67$27.67
Total monthly$2,803.37$3,023.08
Cash to close$30,977$41,400