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$403,287$404,999
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,606.60$2,804.13
2nd payment$0.00$0.00
Taxes / mo$375.00$375.00
Insurance / mo$150.00$150.00
MI / mo$189.01$81.00
HOA / mo$0.00$0.00
Total monthly$3,320.61$3,410.13
Cash to close$46,712$45,000