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$427,380$427,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.760%7.400%
Blended rate7.310%7.640%
1st payment$2,817.89$2,959.92
2nd payment$0.00$0.00
Taxes / mo$395.17$395.17
Insurance / mo$166.67$166.67
MI / mo$198.92$85.50
HOA / mo$8.50$8.50
Total monthly$3,587.15$3,615.76
Cash to close$47,620$47,500