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$353,906$355,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.990%7.320%
Blended rate5.840%7.560%
1st payment$2,027.02$2,442.04
2nd payment$0.00$0.00
Taxes / mo$100.08$100.08
Insurance / mo$150.00$150.00
MI / mo$267.77$71.10
HOA / mo$0.00$0.00
Total monthly$2,544.87$2,763.22
Cash to close$41,094$39,500