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$530,853$414,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.870%7.400%
Blended rate7.420%7.640%
1st payment$3,545.21$2,866.45
2nd payment$0.00$0.00
Taxes / mo$118.08$118.08
Insurance / mo$166.67$166.67
MI / mo$247.47$82.80
HOA / mo$86.00$86.00
Total monthly$4,163.43$3,320.00
Cash to close$0$46,000