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$455,419$446,310
Remaining term (yrs)36.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.8%7.18%
Blended rate6.35%7.42%
1st payment$2,500.92$3,023.46
2nd payment$0.00$0.00
Taxes / mo$178.17$178.17
Insurance / mo$166.67$166.67
MI / mo$213.72$89.26
HOA / mo$137.00$137.00
Total monthly$3,196.47$3,594.55
Cash to close$40,481$49,590