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$380,578$368,550
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.875%7.320%
Blended rate5.425%7.560%
1st payment$2,096.10$2,531.68
2nd payment$0.00$0.00
Taxes / mo$115.92$115.92
Insurance / mo$0.00$0.00
MI / mo$181.54$73.71
HOA / mo$62.00$62.00
Total monthly$2,455.56$2,783.31
Cash to close$28,922$40,950