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$457,894$449,999
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.110%7.400%
Blended rate5.960%7.640%
1st payment$2,663.25$3,115.70
2nd payment$0.00$0.00
Taxes / mo$416.67$416.67
Insurance / mo$166.67$166.67
MI / mo$347.06$90.00
HOA / mo$0.00$0.00
Total monthly$3,593.64$3,789.04
Cash to close$42,105$50,000