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$528,444$522,000
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$3,413.76$3,614.22
2nd payment$0.00$0.00
Taxes / mo$145.83$145.83
Insurance / mo$166.67$166.67
MI / mo$243.73$104.40
HOA / mo$0.00$0.00
Total monthly$3,969.98$4,031.12
Cash to close$51,556$58,000