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$369,174$352,350
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.990%7.400%
Blended rate5.540%7.640%
1st payment$2,058.55$2,439.60
2nd payment$0.00$0.00
Taxes / mo$550.07$550.07
Insurance / mo$150.00$150.00
MI / mo$175.96$70.47
HOA / mo$96.00$96.00
Total monthly$3,030.58$3,306.14
Cash to close$22,326$39,150