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$530,710$521,999
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$3,051.00$3,614.22
2nd payment$0.00$0.00
Taxes / mo$308.42$308.42
Insurance / mo$166.67$166.67
MI / mo$403.50$104.40
HOA / mo$85.00$85.00
Total monthly$4,014.58$4,278.70
Cash to close$49,289$58,000