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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$370,273$369,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.18%
Blended rate7.05%7.42%
1st payment$2,380.96$2,499.73
2nd payment$0.00$0.00
Taxes / mo$108.75$108.75
Insurance / mo$150.00$150.00
MI / mo$172.65$73.80
HOA / mo$48.33$48.33
Total monthly$2,860.69$2,880.61
Cash to close$39,727$41,000