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$668,011$652,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.440%7.400%
Blended rate6.990%7.640%
1st payment$4,282.79$4,517.78
2nd payment$0.00$0.00
Taxes / mo$715.17$715.17
Insurance / mo$216.67$216.67
MI / mo$312.51$130.50
HOA / mo$136.00$136.00
Total monthly$5,663.13$5,716.11
Cash to close$56,989$72,500