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$634,920$576,000
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.900%7.320%
Blended rate3.750%7.560%
1st payment$2,944.71$3,956.72
2nd payment$0.00$0.00
Taxes / mo$533.33$533.33
Insurance / mo$166.67$166.67
MI / mo$501.13$115.20
HOA / mo$300.00$300.00
Total monthly$4,445.84$5,071.92
Cash to close$5,080$64,000