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$569,687$531,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$3,843.98$3,676.54
2nd payment$0.00$0.00
Taxes / mo$641.58$641.58
Insurance / mo$166.67$166.67
MI / mo$269.97$106.20
HOA / mo$37.67$37.67
Total monthly$4,959.87$4,628.66
Cash to close$20,313$59,000