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$366,046$359,100
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.17%7.24%
Blended rate5.02%7.48%
1st payment$1,937.69$2,447.26
2nd payment$0.00$0.00
Taxes / mo$294.92$294.92
Insurance / mo$150.00$150.00
MI / mo$281.68$71.82
HOA / mo$0.00$0.00
Total monthly$2,664.28$2,964.00
Cash to close$32,954$39,900