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$356,013$359,099
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.170%7.400%
Blended rate5.020%7.640%
1st payment$1,884.58$2,486.33
2nd payment$0.00$0.00
Taxes / mo$361.58$361.58
Insurance / mo$150.00$150.00
MI / mo$273.96$71.82
HOA / mo$54.00$54.00
Total monthly$2,724.12$3,123.73
Cash to close$42,986$39,900