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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$362,562$350,100
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.625%7.18%
Blended rate6.175%7.42%
1st payment$2,147.87$2,371.70
2nd payment$0.00$0.00
Taxes / mo$142.92$142.92
Insurance / mo$0.00$0.00
MI / mo$171.01$70.02
HOA / mo$74.00$74.00
Total monthly$2,535.79$2,658.64
Cash to close$26,438$38,900