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$399,688$382,500
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.650%7.400%
Blended rate5.200%7.640%
1st payment$2,077.06$2,648.35
2nd payment$0.00$0.00
Taxes / mo$481.42$481.42
Insurance / mo$150.00$150.00
MI / mo$184.62$76.50
HOA / mo$0.00$0.00
Total monthly$2,893.10$3,356.27
Cash to close$25,312$42,500