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$441,849$359,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate0%7.18%
Blended rate0.55%7.42%
1st payment$1,227.36$2,432.67
2nd payment$0.00$0.00
Taxes / mo$111.00$111.00
Insurance / mo$150.00$150.00
MI / mo$202.51$71.82
HOA / mo$66.00$66.00
Total monthly$1,756.87$2,831.49
Cash to close$0$39,900