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$467,375$465,299
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,996.34$3,221.64
2nd payment$0.00$0.00
Taxes / mo$348.83$348.83
Insurance / mo$166.67$166.67
MI / mo$217.27$93.06
HOA / mo$45.00$45.00
Total monthly$3,774.11$3,875.20
Cash to close$49,624$51,700