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$360,901$364,499
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.670%7.320%
Blended rate5.520%7.560%
1st payment$2,013.08$2,503.86
2nd payment$0.00$0.00
Taxes / mo$64.83$64.83
Insurance / mo$150.00$150.00
MI / mo$275.90$72.90
HOA / mo$0.00$0.00
Total monthly$2,503.81$2,791.59
Cash to close$44,098$40,500