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$421,089$404,100
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$2,496.68$2,797.91
2nd payment$0.00$0.00
Taxes / mo$374.17$374.17
Insurance / mo$150.00$150.00
MI / mo$318.47$80.82
HOA / mo$194.00$194.00
Total monthly$3,533.31$3,596.89
Cash to close$27,911$44,900