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$547,194$530,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate0%7.18%
Blended rate0.55%7.42%
1st payment$1,519.98$3,596.57
2nd payment$0.00$0.00
Taxes / mo$186.17$186.17
Insurance / mo$166.67$166.67
MI / mo$250.80$106.18
HOA / mo$18.17$18.17
Total monthly$2,141.78$4,073.75
Cash to close$42,706$58,990