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$616,307$589,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.820%7.400%
Blended rate5.670%7.640%
1st payment$3,463.02$4,081.58
2nd payment$0.00$0.00
Taxes / mo$713.54$713.54
Insurance / mo$166.67$166.67
MI / mo$466.46$117.90
HOA / mo$0.00$0.00
Total monthly$4,809.69$5,079.69
Cash to close$38,693$65,500