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$525,059$494,999
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.240%7.400%
Blended rate6.790%7.640%
1st payment$3,261.20$3,427.27
2nd payment$0.00$0.00
Taxes / mo$235.17$235.17
Insurance / mo$166.67$166.67
MI / mo$243.02$99.00
HOA / mo$0.00$0.00
Total monthly$3,906.05$3,928.11
Cash to close$24,940$55,000