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$513,154$472,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.125%7.400%
Blended rate5.975%7.640%
1st payment$2,970.93$3,271.49
2nd payment$0.00$0.00
Taxes / mo$257.67$257.67
Insurance / mo$166.67$166.67
MI / mo$386.49$94.50
HOA / mo$90.00$90.00
Total monthly$3,871.76$3,880.33
Cash to close$11,846$52,500