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$450,114$449,999
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.330%7.320%
Blended rate7.180%7.560%
1st payment$2,926.48$3,091.18
2nd payment$0.00$0.00
Taxes / mo$413.83$413.83
Insurance / mo$166.67$166.67
MI / mo$216.02$90.00
HOA / mo$52.00$52.00
Total monthly$3,774.99$3,813.68
Cash to close$49,885$50,000