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$365,803$337,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.670%7.400%
Blended rate5.520%7.640%
1st payment$2,040.42$2,336.78
2nd payment$0.00$0.00
Taxes / mo$345.83$345.83
Insurance / mo$150.00$150.00
MI / mo$279.64$67.50
HOA / mo$0.00$0.00
Total monthly$2,815.89$2,900.12
Cash to close$9,197$37,500