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$363,793$355,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.3%7.24%
Blended rate6.15%7.48%
1st payment$2,153.72$2,422.73
2nd payment$0.00$0.00
Taxes / mo$207.83$207.83
Insurance / mo$150.00$150.00
MI / mo$274.72$71.10
HOA / mo$13.33$13.33
Total monthly$2,799.61$2,864.99
Cash to close$31,207$39,500