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$468,381$449,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.500%7.400%
Blended rate6.050%7.640%
1st payment$2,731.77$3,115.09
2nd payment$0.00$0.00
Taxes / mo$324.33$324.33
Insurance / mo$166.67$166.67
MI / mo$220.52$89.98
HOA / mo$66.00$66.00
Total monthly$3,509.28$3,762.07
Cash to close$31,519$49,990