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$421,465$414,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.150%7.400%
Blended rate6.700%7.640%
1st payment$2,685.89$2,866.45
2nd payment$0.00$0.00
Taxes / mo$119.00$119.00
Insurance / mo$166.67$166.67
MI / mo$202.06$82.80
HOA / mo$104.00$104.00
Total monthly$3,277.62$3,338.92
Cash to close$38,535$46,000