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$527,048$505,710
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.060%7.400%
Blended rate6.610%7.640%
1st payment$3,199.41$3,501.43
2nd payment$0.00$0.00
Taxes / mo$468.25$468.25
Insurance / mo$166.67$166.67
MI / mo$243.02$101.14
HOA / mo$0.00$0.00
Total monthly$4,077.35$4,237.49
Cash to close$34,852$56,190