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$730,371$697,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.77%7.24%
Blended rate4.62%7.48%
1st payment$3,718.65$4,753.45
2nd payment$0.00$0.00
Taxes / mo$311.50$311.50
Insurance / mo$216.67$216.67
MI / mo$567.38$139.50
HOA / mo$0.00$0.00
Total monthly$4,814.19$5,421.12
Cash to close$44,629$77,500