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$408,097$391,452
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.760%7.400%
Blended rate4.610%7.640%
1st payment$2,071.54$2,710.34
2nd payment$0.00$0.00
Taxes / mo$135.83$135.83
Insurance / mo$150.00$150.00
MI / mo$316.45$78.29
HOA / mo$0.00$0.00
Total monthly$2,673.83$3,074.46
Cash to close$26,850$43,495