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$434,105$421,200
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$2,697.19$2,916.30
2nd payment$0.00$0.00
Taxes / mo$415.50$415.50
Insurance / mo$166.67$166.67
MI / mo$203.56$84.24
HOA / mo$490.00$490.00
Total monthly$3,972.92$4,072.71
Cash to close$33,895$46,800