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$523,719$508,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.300%7.400%
Blended rate6.850%7.640%
1st payment$3,273.17$3,520.75
2nd payment$0.00$0.00
Taxes / mo$116.08$116.08
Insurance / mo$166.67$166.67
MI / mo$242.37$101.70
HOA / mo$161.00$161.00
Total monthly$3,959.29$4,066.20
Cash to close$41,281$56,500