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$459,365$440,991
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.25%7.18%
Blended rate5.8%7.42%
1st payment$2,629.68$2,987.43
2nd payment$0.00$0.00
Taxes / mo$294.58$294.58
Insurance / mo$166.67$166.67
MI / mo$218.27$88.20
HOA / mo$132.00$132.00
Total monthly$3,441.19$3,668.87
Cash to close$30,625$48,999