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$407,483$353,700
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate0.000%7.400%
Blended rate0.550%7.640%
1st payment$1,131.90$2,448.95
2nd payment$0.00$0.00
Taxes / mo$134.42$134.42
Insurance / mo$150.00$150.00
MI / mo$186.76$70.74
HOA / mo$11.00$11.00
Total monthly$1,614.08$2,815.10
Cash to close$0$39,300