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$464,425$459,180
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.240%7.400%
Blended rate6.790%7.640%
1st payment$2,878.82$3,179.27
2nd payment$0.00$0.00
Taxes / mo$425.17$425.17
Insurance / mo$166.67$166.67
MI / mo$214.52$91.84
HOA / mo$0.00$0.00
Total monthly$3,685.18$3,862.94
Cash to close$45,775$51,020