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$525,133$494,999
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.990%7.400%
Blended rate6.540%7.640%
1st payment$3,194.56$3,427.27
2nd payment$0.00$0.00
Taxes / mo$139.75$139.75
Insurance / mo$166.67$166.67
MI / mo$244.47$99.00
HOA / mo$80.83$80.83
Total monthly$3,826.28$3,913.52
Cash to close$24,866$55,000