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$370,343$369,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$2,398.57$2,554.88
2nd payment$0.00$0.00
Taxes / mo$347.07$347.07
Insurance / mo$150.00$150.00
MI / mo$176.86$73.80
HOA / mo$30.42$30.42
Total monthly$3,102.92$3,156.17
Cash to close$39,657$41,000