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$433,442$432,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$2,792.13$2,991.08
2nd payment$0.00$0.00
Taxes / mo$241.67$241.67
Insurance / mo$166.67$166.67
MI / mo$207.62$86.40
HOA / mo$66.67$66.67
Total monthly$3,474.75$3,552.48
Cash to close$46,558$48,000