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$384,029$386,999
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.400%
Blended rate6.640%7.640%
1st payment$2,340.99$2,679.50
2nd payment$0.00$0.00
Taxes / mo$323.92$323.92
Insurance / mo$150.00$150.00
MI / mo$177.25$77.40
HOA / mo$60.00$60.00
Total monthly$3,052.16$3,290.82
Cash to close$45,970$43,000