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$455,625$440,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.090%7.400%
Blended rate6.640%7.640%
1st payment$2,822.22$3,047.16
2nd payment$0.00$0.00
Taxes / mo$407.50$407.50
Insurance / mo$166.67$166.67
MI / mo$213.68$88.02
HOA / mo$0.00$0.00
Total monthly$3,610.07$3,709.35
Cash to close$33,375$48,900