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$481,230$472,500
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.240%7.400%
Blended rate6.790%7.640%
1st payment$2,985.97$3,271.49
2nd payment$0.00$0.00
Taxes / mo$199.83$199.83
Insurance / mo$166.67$166.67
MI / mo$222.51$94.50
HOA / mo$0.00$0.00
Total monthly$3,574.98$3,732.49
Cash to close$43,770$52,500