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$411,274$373,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.500%7.400%
Blended rate5.050%7.640%
1st payment$2,158.21$2,586.04
2nd payment$0.00$0.00
Taxes / mo$204.67$204.67
Insurance / mo$0.00$0.00
MI / mo$195.23$74.70
HOA / mo$75.00$75.00
Total monthly$2,633.10$2,940.41
Cash to close$3,726$41,500