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$353,754$335,699
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.090%7.400%
Blended rate5.940%7.640%
1st payment$2,053.36$2,324.31
2nd payment$0.00$0.00
Taxes / mo$167.67$167.67
Insurance / mo$150.00$150.00
MI / mo$268.19$67.14
HOA / mo$114.00$114.00
Total monthly$2,753.22$2,823.12
Cash to close$19,245$37,300