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$455,720$449,100
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.250%7.400%
Blended rate5.800%7.640%
1st payment$2,623.07$3,109.48
2nd payment$0.00$0.00
Taxes / mo$416.92$416.92
Insurance / mo$166.67$166.67
MI / mo$217.72$89.82
HOA / mo$40.00$40.00
Total monthly$3,464.37$3,822.88
Cash to close$43,280$49,900