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$865,602$832,500
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.37%7.24%
Blended rate6.92%7.48%
1st payment$5,412.53$5,673.47
2nd payment$0.00$0.00
Taxes / mo$834.75$834.75
Insurance / mo$216.67$216.67
MI / mo$397.85$166.50
HOA / mo$0.00$0.00
Total monthly$6,861.80$6,891.39
Cash to close$59,398$92,500