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$563,980$557,100
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.470%7.640%
1st payment$3,806.91$3,857.25
2nd payment$0.00$0.00
Taxes / mo$266.75$266.75
Insurance / mo$166.67$166.67
MI / mo$264.39$111.42
HOA / mo$41.67$41.67
Total monthly$4,546.39$4,443.75
Cash to close$55,020$61,900