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$603,359$566,100
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate0.000%7.400%
Blended rate0.550%7.640%
1st payment$1,676.00$3,919.56
2nd payment$0.00$0.00
Taxes / mo$524.17$524.17
Insurance / mo$166.67$166.67
MI / mo$276.54$113.22
HOA / mo$0.00$0.00
Total monthly$2,643.37$4,723.62
Cash to close$25,641$62,900