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$514,454$449,999
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$3,499.65$3,115.70
2nd payment$0.00$0.00
Taxes / mo$152.04$152.04
Insurance / mo$166.67$166.67
MI / mo$241.34$90.00
HOA / mo$98.00$98.00
Total monthly$4,157.70$3,622.41
Cash to close$0$50,000