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$500,020$495,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.550%7.400%
Blended rate6.400%7.640%
1st payment$3,026.61$3,427.28
2nd payment$0.00$0.00
Taxes / mo$731.92$731.92
Insurance / mo$166.67$166.67
MI / mo$375.50$99.00
HOA / mo$0.00$0.00
Total monthly$4,300.70$4,424.86
Cash to close$49,980$55,000