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$767,594$553,500
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.030%7.400%
Blended rate2.880%7.640%
1st payment$3,239.89$3,832.32
2nd payment$0.00$0.00
Taxes / mo$252.58$252.58
Insurance / mo$166.67$166.67
MI / mo$618.38$110.70
HOA / mo$0.00$0.00
Total monthly$4,277.52$4,362.27
Cash to close$0$61,500