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$376,426$346,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.760%7.400%
Blended rate4.610%7.640%
1st payment$1,910.78$2,399.10
2nd payment$0.00$0.00
Taxes / mo$148.50$148.50
Insurance / mo$150.00$150.00
MI / mo$291.89$69.30
HOA / mo$27.33$27.33
Total monthly$2,528.50$2,794.23
Cash to close$8,574$38,500