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$501,817$359,010
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate0.000%7.400%
Blended rate0.550%7.640%
1st payment$1,393.94$2,485.71
2nd payment$0.00$0.00
Taxes / mo$36.01$36.01
Insurance / mo$150.00$150.00
MI / mo$230.00$71.80
HOA / mo$1.67$1.67
Total monthly$1,811.62$2,745.20
Cash to close$0$39,890