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$367,132$369,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,442.10$2,554.88
2nd payment$0.00$0.00
Taxes / mo$221.50$221.50
Insurance / mo$150.00$150.00
MI / mo$172.04$73.80
HOA / mo$5.83$5.83
Total monthly$2,991.47$3,006.01
Cash to close$42,868$41,000