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$449,285$422,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$2,791.51$2,922.54
2nd payment$0.00$0.00
Taxes / mo$111.05$111.05
Insurance / mo$166.67$166.67
MI / mo$210.68$84.42
HOA / mo$0.00$0.00
Total monthly$3,279.91$3,284.68
Cash to close$19,715$46,900