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$412,627$413,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$2,627.15$2,865.83
2nd payment$0.00$0.00
Taxes / mo$470.83$470.83
Insurance / mo$166.67$166.67
MI / mo$193.51$82.78
HOA / mo$15.83$15.83
Total monthly$3,473.99$3,601.94
Cash to close$47,273$45,990