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$387,616$382,500
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$2,224.96$2,648.35
2nd payment$0.00$0.00
Taxes / mo$595.75$595.75
Insurance / mo$150.00$150.00
MI / mo$184.67$76.50
HOA / mo$10.75$10.75
Total monthly$3,166.13$3,481.35
Cash to close$37,384$42,500