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$405,336$405,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$2,673.41$2,804.14
2nd payment$0.00$0.00
Taxes / mo$512.67$512.67
Insurance / mo$150.00$150.00
MI / mo$191.26$81.00
HOA / mo$0.00$0.00
Total monthly$3,527.34$3,547.80
Cash to close$44,664$45,000