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$368,936$345,600
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$2,120.98$2,392.86
2nd payment$0.00$0.00
Taxes / mo$161.50$161.50
Insurance / mo$150.00$150.00
MI / mo$280.50$69.12
HOA / mo$248.00$248.00
Total monthly$2,960.98$3,021.48
Cash to close$15,064$38,400