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$621,046$607,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.510%7.400%
Blended rate4.360%7.640%
1st payment$3,068.14$4,206.21
2nd payment$0.00$0.00
Taxes / mo$307.08$307.08
Insurance / mo$166.67$166.67
MI / mo$483.37$121.50
HOA / mo$6.67$6.67
Total monthly$4,031.94$4,808.13
Cash to close$53,954$67,500