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$621,508$499,500
Remaining term (yrs)24.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.730%7.400%
Blended rate3.580%7.640%
1st payment$2,908.44$3,458.44
2nd payment$0.00$0.00
Taxes / mo$462.50$462.50
Insurance / mo$166.67$166.67
MI / mo$505.95$99.90
HOA / mo$0.00$0.00
Total monthly$4,043.56$4,187.50
Cash to close$0$55,500