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$461,970$449,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.990%7.320%
Blended rate6.540%7.560%
1st payment$2,852.03$3,090.57
2nd payment$0.00$0.00
Taxes / mo$264.67$264.67
Insurance / mo$166.67$166.67
MI / mo$218.26$89.98
HOA / mo$95.00$95.00
Total monthly$3,596.62$3,706.88
Cash to close$37,930$49,990