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$362,868$359,550
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$2,361.68$2,489.45
2nd payment$0.00$0.00
Taxes / mo$210.92$210.92
Insurance / mo$150.00$150.00
MI / mo$168.96$71.91
HOA / mo$12.92$12.92
Total monthly$2,904.48$2,935.20
Cash to close$36,632$39,950