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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$421,729$403,200
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.22%7.18%
Blended rate6.07%7.42%
1st payment$2,472.86$2,731.42
2nd payment$0.00$0.00
Taxes / mo$177.92$177.92
Insurance / mo$150.00$150.00
MI / mo$318.27$80.64
HOA / mo$156.00$156.00
Total monthly$3,275.05$3,295.97
Cash to close$26,271$44,800