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$353,361$342,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.250%7.400%
Blended rate5.800%7.640%
1st payment$2,028.34$2,367.94
2nd payment$0.00$0.00
Taxes / mo$465.40$465.40
Insurance / mo$150.00$150.00
MI / mo$168.35$68.40
HOA / mo$170.00$170.00
Total monthly$2,982.09$3,221.74
Cash to close$26,639$38,000