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$546,336$539,910
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$3,513.09$3,738.23
2nd payment$0.00$0.00
Taxes / mo$13.25$13.25
Insurance / mo$166.67$166.67
MI / mo$254.75$107.98
HOA / mo$106.00$106.00
Total monthly$4,053.75$4,132.13
Cash to close$53,564$59,990