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$436,013$436,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.400%
Blended rate7.390%7.640%
1st payment$2,892.31$3,022.24
2nd payment$0.00$0.00
Taxes / mo$514.49$514.49
Insurance / mo$166.67$166.67
MI / mo$202.51$87.30
HOA / mo$134.00$134.00
Total monthly$3,909.98$3,924.70
Cash to close$48,987$48,500