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$380,678$373,410
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$2,466.62$2,585.42
2nd payment$0.00$0.00
Taxes / mo$100.42$100.42
Insurance / mo$150.00$150.00
MI / mo$182.26$74.68
HOA / mo$71.00$71.00
Total monthly$2,970.30$2,981.51
Cash to close$34,222$41,490