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$357,798$359,550
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$2,328.65$2,489.45
2nd payment$0.00$0.00
Taxes / mo$119.83$119.83
Insurance / mo$150.00$150.00
MI / mo$170.81$71.91
HOA / mo$62.00$62.00
Total monthly$2,831.29$2,893.19
Cash to close$41,702$39,950