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$416,157$400,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate0.000%7.400%
Blended rate0.550%7.640%
1st payment$1,155.99$2,772.98
2nd payment$0.00$0.00
Taxes / mo$206.67$206.67
Insurance / mo$150.00$150.00
MI / mo$190.74$80.10
HOA / mo$0.00$0.00
Total monthly$1,703.40$3,209.75
Cash to close$28,843$44,500