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$397,891$391,410
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.230%7.400%
Blended rate6.080%7.640%
1st payment$2,346.14$2,710.04
2nd payment$0.00$0.00
Taxes / mo$154.92$154.92
Insurance / mo$150.00$150.00
MI / mo$301.62$78.28
HOA / mo$0.00$0.00
Total monthly$2,952.68$3,093.24
Cash to close$37,009$43,490