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$509,154$499,500
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.400%
Blended rate7.390%7.640%
1st payment$3,374.36$3,458.44
2nd payment$0.00$0.00
Taxes / mo$179.60$179.60
Insurance / mo$166.67$166.67
MI / mo$236.27$99.90
HOA / mo$0.00$0.00
Total monthly$3,956.89$3,904.61
Cash to close$45,846$55,500