Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$517,706$485,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$3,352.98$3,358.73
2nd payment$0.00$0.00
Taxes / mo$142.83$142.83
Insurance / mo$166.67$166.67
MI / mo$247.24$97.02
HOA / mo$95.00$95.00
Total monthly$4,004.72$3,860.25
Cash to close$21,294$53,900