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$436,617$427,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$2,779.89$2,959.92
2nd payment$0.00$0.00
Taxes / mo$163.50$163.50
Insurance / mo$166.67$166.67
MI / mo$204.76$85.50
HOA / mo$58.00$58.00
Total monthly$3,372.82$3,433.59
Cash to close$38,383$47,500