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$491,487$488,250
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$3,194.97$3,380.54
2nd payment$0.00$0.00
Taxes / mo$203.58$203.58
Insurance / mo$166.67$166.67
MI / mo$234.35$97.65
HOA / mo$131.00$131.00
Total monthly$3,930.57$3,979.44
Cash to close$51,013$54,250