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$675,265$585,000
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.880%7.400%
Blended rate3.730%7.640%
1st payment$3,138.83$4,050.42
2nd payment$0.00$0.00
Taxes / mo$541.67$541.67
Insurance / mo$166.67$166.67
MI / mo$535.54$117.00
HOA / mo$0.00$0.00
Total monthly$4,382.70$4,875.76
Cash to close$0$65,000