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$362,175$359,550
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.3%7.18%
Blended rate6.85%7.42%
1st payment$2,250.29$2,435.72
2nd payment$0.00$0.00
Taxes / mo$14.17$14.17
Insurance / mo$150.00$150.00
MI / mo$166.63$71.91
HOA / mo$0.00$0.00
Total monthly$2,581.08$2,671.79
Cash to close$37,325$39,950