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$368,743$359,976
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$2,299.71$2,492.40
2nd payment$0.00$0.00
Taxes / mo$35.92$35.92
Insurance / mo$150.00$150.00
MI / mo$171.01$72.00
HOA / mo$44.00$44.00
Total monthly$2,700.64$2,794.31
Cash to close$31,230$39,997