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$387,993$342,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.750%7.400%
Blended rate5.300%7.640%
1st payment$2,075.37$2,367.94
2nd payment$0.00$0.00
Taxes / mo$9.42$9.42
Insurance / mo$150.00$150.00
MI / mo$182.35$68.40
HOA / mo$130.00$130.00
Total monthly$2,547.14$2,725.76
Cash to close$0$38,000