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$524,570$503,100
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate0.000%7.400%
Blended rate0.550%7.640%
1st payment$1,457.14$3,483.36
2nd payment$0.00$0.00
Taxes / mo$465.83$465.83
Insurance / mo$166.67$166.67
MI / mo$240.43$100.62
HOA / mo$0.00$0.00
Total monthly$2,330.07$4,216.48
Cash to close$34,430$55,900