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$460,019$459,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$3,037.04$3,178.02
2nd payment$0.00$0.00
Taxes / mo$481.42$481.42
Insurance / mo$166.67$166.67
MI / mo$217.05$91.80
HOA / mo$85.00$85.00
Total monthly$3,987.18$4,002.91
Cash to close$49,981$51,000