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$497,299$485,100
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.070%7.400%
Blended rate7.620%7.640%
1st payment$3,439.69$3,358.73
2nd payment$0.00$0.00
Taxes / mo$180.50$180.50
Insurance / mo$166.67$166.67
MI / mo$235.30$97.02
HOA / mo$114.00$114.00
Total monthly$4,136.16$3,916.92
Cash to close$41,701$53,900