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$497,890$485,910
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.720%7.400%
Blended rate5.570%7.640%
1st payment$2,786.92$3,364.34
2nd payment$0.00$0.00
Taxes / mo$449.92$449.92
Insurance / mo$166.67$166.67
MI / mo$379.74$97.18
HOA / mo$0.00$0.00
Total monthly$3,783.25$4,078.11
Cash to close$42,010$53,990