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$477,415$459,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.000%7.400%
Blended rate5.550%7.640%
1st payment$2,646.47$3,178.02
2nd payment$0.00$0.00
Taxes / mo$311.83$311.83
Insurance / mo$166.67$166.67
MI / mo$225.95$91.80
HOA / mo$91.00$91.00
Total monthly$3,441.92$3,839.32
Cash to close$32,585$51,000