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$353,776$350,991
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$2,302.47$2,430.19
2nd payment$0.00$0.00
Taxes / mo$329.42$329.42
Insurance / mo$150.00$150.00
MI / mo$168.89$70.20
HOA / mo$126.00$126.00
Total monthly$3,076.78$3,105.81
Cash to close$36,214$38,999