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$977,786$809,910
Remaining term (yrs)24.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate2.99%7.24%
Blended rate3.84%7.48%
1st payment$4,673.82$5,519.52
2nd payment$0.00$0.00
Taxes / mo$471.75$471.75
Insurance / mo$216.67$216.67
MI / mo$786.25$161.98
HOA / mo$154.75$154.75
Total monthly$6,303.24$6,524.67
Cash to close$0$89,990