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$377,105$349,920
Remaining term (yrs)24.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.8%7.24%
Blended rate3.65%7.48%
1st payment$1,795.36$2,384.70
2nd payment$0.00$0.00
Taxes / mo$131.42$131.42
Insurance / mo$150.00$150.00
MI / mo$309.50$69.98
HOA / mo$325.00$325.00
Total monthly$2,711.27$3,061.10
Cash to close$11,695$38,880