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$448,340$440,100
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,885.88$3,047.16
2nd payment$0.00$0.00
Taxes / mo$411.41$411.41
Insurance / mo$166.67$166.67
MI / mo$209.26$88.02
HOA / mo$99.00$99.00
Total monthly$3,772.21$3,812.26
Cash to close$40,660$48,900