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$708,830$674,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.200%7.400%
Blended rate6.750%7.640%
1st payment$4,440.20$4,667.33
2nd payment$0.00$0.00
Taxes / mo$372.58$372.58
Insurance / mo$216.67$216.67
MI / mo$332.28$134.82
HOA / mo$0.00$0.00
Total monthly$5,361.73$5,391.40
Cash to close$40,170$74,900