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$392,698$392,849
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.52%7.18%
Blended rate6.37%7.42%
1st payment$2,380.16$2,661.30
2nd payment$0.00$0.00
Taxes / mo$213.75$213.75
Insurance / mo$150.00$150.00
MI / mo$296.28$78.57
HOA / mo$75.00$75.00
Total monthly$3,115.19$3,178.62
Cash to close$43,801$43,650