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$444,697$436,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.760%7.400%
Blended rate4.610%7.640%
1st payment$2,257.33$3,022.24
2nd payment$0.00$0.00
Taxes / mo$241.42$241.42
Insurance / mo$166.67$166.67
MI / mo$344.83$87.30
HOA / mo$75.00$75.00
Total monthly$3,085.24$3,592.62
Cash to close$40,303$48,500