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$422,364$403,200
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$2,472.86$2,791.68
2nd payment$0.00$0.00
Taxes / mo$177.92$177.92
Insurance / mo$150.00$150.00
MI / mo$318.27$80.64
HOA / mo$156.00$156.00
Total monthly$3,275.05$3,356.23
Cash to close$25,636$44,800