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$439,776$427,499
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.250%7.400%
Blended rate6.100%7.640%
1st payment$2,594.37$2,959.92
2nd payment$0.00$0.00
Taxes / mo$395.83$395.83
Insurance / mo$166.67$166.67
MI / mo$332.79$85.50
HOA / mo$0.00$0.00
Total monthly$3,489.66$3,607.92
Cash to close$35,223$47,500