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$423,742$422,460
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$2,786.61$2,925.03
2nd payment$0.00$0.00
Taxes / mo$396.08$396.08
Insurance / mo$166.67$166.67
MI / mo$199.98$84.49
HOA / mo$0.00$0.00
Total monthly$3,549.34$3,572.27
Cash to close$45,658$46,940