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$407,291$386,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.990%7.400%
Blended rate5.540%7.640%
1st payment$2,304.39$2,673.28
2nd payment$0.00$0.00
Taxes / mo$391.25$391.25
Insurance / mo$150.00$150.00
MI / mo$196.97$77.22
HOA / mo$190.00$190.00
Total monthly$3,232.61$3,481.75
Cash to close$21,709$42,900