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$392,469$381,600
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.400%
Blended rate6.260%7.640%
1st payment$2,345.88$2,642.12
2nd payment$0.00$0.00
Taxes / mo$153.92$153.92
Insurance / mo$150.00$150.00
MI / mo$295.59$76.32
HOA / mo$50.00$50.00
Total monthly$2,995.39$3,072.36
Cash to close$31,531$42,400