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$565,132$549,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$3,803.74$3,801.17
2nd payment$0.00$0.00
Taxes / mo$530.75$530.75
Insurance / mo$166.67$166.67
MI / mo$265.52$109.80
HOA / mo$89.00$89.00
Total monthly$4,855.67$4,697.38
Cash to close$44,868$61,000