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$471,320$431,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$3,116.02$2,984.85
2nd payment$0.00$0.00
Taxes / mo$133.92$133.92
Insurance / mo$166.67$166.67
MI / mo$225.02$86.22
HOA / mo$48.33$48.33
Total monthly$3,689.95$3,419.98
Cash to close$7,680$47,900