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$413,038$405,000
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$2,647.98$2,804.14
2nd payment$0.00$0.00
Taxes / mo$703.25$703.25
Insurance / mo$150.00$150.00
MI / mo$192.01$81.00
HOA / mo$235.00$235.00
Total monthly$3,928.24$3,973.39
Cash to close$36,962$45,000