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$511,801$495,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$3,485.53$3,427.28
2nd payment$0.00$0.00
Taxes / mo$187.08$187.08
Insurance / mo$166.67$166.67
MI / mo$241.34$99.00
HOA / mo$0.00$0.00
Total monthly$4,080.61$3,880.03
Cash to close$38,199$55,000