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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$356,821$360,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.3%7.18%
Blended rate6.15%7.42%
1st payment$2,118.83$2,438.77
2nd payment$0.00$0.00
Taxes / mo$146.83$146.83
Insurance / mo$150.00$150.00
MI / mo$270.27$72.00
HOA / mo$60.00$60.00
Total monthly$2,745.94$2,867.60
Cash to close$43,179$40,000