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$378,055$373,410
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$2,466.34$2,585.42
2nd payment$0.00$0.00
Taxes / mo$125.00$125.00
Insurance / mo$150.00$150.00
MI / mo$180.91$74.68
HOA / mo$100.00$100.00
Total monthly$3,022.25$3,035.10
Cash to close$36,845$41,490