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$426,871$427,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.320%
Blended rate6.070%7.560%
1st payment$2,499.25$2,936.63
2nd payment$0.00$0.00
Taxes / mo$351.75$351.75
Insurance / mo$166.67$166.67
MI / mo$321.67$85.50
HOA / mo$33.33$33.33
Total monthly$3,372.66$3,573.88
Cash to close$48,129$47,500