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$419,780$409,499
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.320%
Blended rate6.810%7.560%
1st payment$2,602.37$2,812.97
2nd payment$0.00$0.00
Taxes / mo$208.08$208.08
Insurance / mo$166.67$166.67
MI / mo$193.51$81.90
HOA / mo$0.00$0.00
Total monthly$3,170.64$3,269.62
Cash to close$35,219$45,500