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$386,818$377,100
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.3%7.18%
Blended rate6.15%7.42%
1st payment$2,290.03$2,554.61
2nd payment$0.00$0.00
Taxes / mo$208.67$208.67
Insurance / mo$150.00$150.00
MI / mo$292.11$75.42
HOA / mo$70.00$70.00
Total monthly$3,010.81$3,058.69
Cash to close$32,182$41,900