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$487,008$449,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$3,219.74$3,109.48
2nd payment$0.00$0.00
Taxes / mo$230.92$230.92
Insurance / mo$166.67$166.67
MI / mo$232.51$89.82
HOA / mo$580.00$580.00
Total monthly$4,429.82$4,176.88
Cash to close$11,992$49,900