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$441,511$440,100
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.81%7.24%
Blended rate6.66%7.48%
1st payment$2,753.76$2,999.27
2nd payment$0.00$0.00
Taxes / mo$407.58$407.58
Insurance / mo$166.67$166.67
MI / mo$332.08$88.02
HOA / mo$58.33$58.33
Total monthly$3,718.42$3,719.87
Cash to close$47,489$48,900