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$488,716$449,999
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.999%7.320%
Blended rate4.549%7.560%
1st payment$2,412.13$3,091.18
2nd payment$0.00$0.00
Taxes / mo$5.33$5.33
Insurance / mo$0.00$0.00
MI / mo$201.00$90.00
HOA / mo$87.00$87.00
Total monthly$2,705.46$3,273.51
Cash to close$11,283$50,000