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$378,044$377,999
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.49%7.18%
Blended rate7.04%7.42%
1st payment$2,443.57$2,560.70
2nd payment$0.00$0.00
Taxes / mo$3.17$3.17
Insurance / mo$150.00$150.00
MI / mo$177.38$75.60
HOA / mo$155.00$155.00
Total monthly$2,929.11$2,944.46
Cash to close$41,955$42,000