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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$426,138$423,000
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.875%7.18%
Blended rate4.725%7.42%
1st payment$2,211.29$2,865.55
2nd payment$0.00$0.00
Taxes / mo$278.50$278.50
Insurance / mo$166.67$166.67
MI / mo$333.09$84.60
HOA / mo$95.00$95.00
Total monthly$3,084.55$3,490.32
Cash to close$43,862$47,000