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$436,334$427,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.200%7.400%
Blended rate6.750%7.640%
1st payment$2,736.25$2,959.92
2nd payment$0.00$0.00
Taxes / mo$163.52$163.52
Insurance / mo$166.67$166.67
MI / mo$204.76$85.50
HOA / mo$58.00$58.00
Total monthly$3,329.20$3,433.61
Cash to close$38,666$47,500