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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$411,512$404,010
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.6%7.18%
Blended rate6.15%7.42%
1st payment$2,446.82$2,736.90
2nd payment$0.00$0.00
Taxes / mo$112.42$112.42
Insurance / mo$150.00$150.00
MI / mo$195.35$80.80
HOA / mo$99.00$99.00
Total monthly$3,003.59$3,179.12
Cash to close$37,388$44,890