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$352,164$342,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$2,190.52$2,367.94
2nd payment$0.00$0.00
Taxes / mo$149.08$149.08
Insurance / mo$150.00$150.00
MI / mo$165.32$68.40
HOA / mo$124.00$124.00
Total monthly$2,778.92$2,859.42
Cash to close$27,836$38,000