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$460,239$445,500
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.660%7.640%
1st payment$2,811.48$3,084.55
2nd payment$0.00$0.00
Taxes / mo$423.50$423.50
Insurance / mo$166.67$166.67
MI / mo$212.41$89.10
HOA / mo$125.00$125.00
Total monthly$3,739.06$3,888.82
Cash to close$34,761$49,500