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$426,081$387,000
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.12%7.18%
Blended rate5.67%7.42%
1st payment$2,338.13$2,621.67
2nd payment$0.00$0.00
Taxes / mo$29.67$29.67
Insurance / mo$150.00$150.00
MI / mo$196.93$77.40
HOA / mo$62.00$62.00
Total monthly$2,776.72$2,940.74
Cash to close$3,919$43,000