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$382,647$369,000
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,445.93$2,554.88
2nd payment$0.00$0.00
Taxes / mo$114.00$114.00
Insurance / mo$150.00$150.00
MI / mo$177.36$73.80
HOA / mo$102.00$102.00
Total monthly$2,989.29$2,994.68
Cash to close$27,353$41,000