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$449,193$431,999
Remaining term (yrs)29.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.470%7.400%
Blended rate7.020%7.640%
1st payment$2,832.93$2,991.07
2nd payment$0.00$0.00
Taxes / mo$422.75$422.75
Insurance / mo$166.67$166.67
MI / mo$206.07$86.40
HOA / mo$65.00$65.00
Total monthly$3,693.41$3,731.89
Cash to close$30,806$48,000