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$465,247$431,910
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.100%7.400%
Blended rate6.650%7.640%
1st payment$2,836.21$2,990.46
2nd payment$0.00$0.00
Taxes / mo$500.50$500.50
Insurance / mo$166.67$166.67
MI / mo$214.51$86.38
HOA / mo$0.00$0.00
Total monthly$3,717.89$3,744.01
Cash to close$14,653$47,990