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$399,423$396,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$2,292.59$2,741.82
2nd payment$0.00$0.00
Taxes / mo$566.48$566.48
Insurance / mo$150.00$150.00
MI / mo$303.20$79.20
HOA / mo$21.33$21.33
Total monthly$3,333.59$3,558.83
Cash to close$40,577$44,000