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$395,268$389,700
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.460%7.400%
Blended rate7.010%7.640%
1st payment$2,544.57$2,698.20
2nd payment$0.00$0.00
Taxes / mo$338.75$338.75
Insurance / mo$150.00$150.00
MI / mo$185.29$77.94
HOA / mo$24.00$24.00
Total monthly$3,242.61$3,288.89
Cash to close$37,732$43,300