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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$392,025$386,100
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.450%7.400%
Blended rate4.300%7.640%
1st payment$1,927.97$2,673.28
2nd payment$0.00$0.00
Taxes / mo$177.33$177.33
Insurance / mo$150.00$150.00
MI / mo$306.02$77.22
HOA / mo$70.00$70.00
Total monthly$2,631.32$3,147.83
Cash to close$36,975$42,900