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$484,383$449,910
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.375%7.400%
Blended rate5.925%7.640%
1st payment$2,721.59$3,115.09
2nd payment$0.00$0.00
Taxes / mo$416.58$416.58
Insurance / mo$166.67$166.67
MI / mo$222.76$89.98
HOA / mo$156.00$156.00
Total monthly$3,683.61$3,944.32
Cash to close$15,517$49,990