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$554,306$544,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$3,570.70$3,770.01
2nd payment$0.00$0.00
Taxes / mo$504.17$504.17
Insurance / mo$166.67$166.67
MI / mo$265.52$108.90
HOA / mo$0.00$0.00
Total monthly$4,507.05$4,549.74
Cash to close$50,694$60,500