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$386,479$387,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$2,503.08$2,679.51
2nd payment$0.00$0.00
Taxes / mo$137.67$137.67
Insurance / mo$150.00$150.00
MI / mo$184.57$77.40
HOA / mo$108.00$108.00
Total monthly$3,083.32$3,152.58
Cash to close$43,521$43,000