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$359,684$359,100
Remaining term (yrs)24.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.040%7.400%
Blended rate3.890%7.640%
1st payment$1,724.72$2,486.34
2nd payment$0.00$0.00
Taxes / mo$241.50$241.50
Insurance / mo$150.00$150.00
MI / mo$288.29$71.82
HOA / mo$0.00$0.00
Total monthly$2,404.51$2,949.66
Cash to close$39,316$39,900