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$408,163$400,410
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.76%7.18%
Blended rate4.61%7.42%
1st payment$2,075.91$2,712.52
2nd payment$0.00$0.00
Taxes / mo$163.25$163.25
Insurance / mo$150.00$150.00
MI / mo$317.12$80.08
HOA / mo$47.00$47.00
Total monthly$2,753.28$3,152.85
Cash to close$36,737$44,490