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$417,565$414,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.26%7.24%
Blended rate6.81%7.48%
1st payment$2,693.15$2,821.40
2nd payment$0.00$0.00
Taxes / mo$209.50$209.50
Insurance / mo$166.67$166.67
MI / mo$200.26$82.80
HOA / mo$0.00$0.00
Total monthly$3,269.58$3,280.37
Cash to close$42,435$46,000