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$397,134$396,000
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$2,373.77$2,741.82
2nd payment$0.00$0.00
Taxes / mo$218.00$218.00
Insurance / mo$150.00$150.00
MI / mo$299.10$79.20
HOA / mo$75.00$75.00
Total monthly$3,115.87$3,264.02
Cash to close$42,866$44,000