Save approximately $600 per month by assuming the FHA loan. Mortgage Balance $405,700, mortgage issued March of 2022. Current monthly payment $2,035.27 (principle and interest).Monthly payment for a $405,700, 30-year loan at 7% = $2,699.13$663.86 ($2,699.13 - $2,035.27).Monthly payment for a $405,700, 30-year loan at 6.75% = $2,631.36$596.96 ($2,631.36 - $2,035.27).FHA Assumable Mortgage, with a below market interest rate. Built in 2022, impact glass, granite countertops, white cabinets & stainless-steel appliances in the kitchen, granite covered vanities in the bathrooms, oversized porcelain tile flooring throughout.
