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$535,658$517,409
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.290%7.400%
Blended rate7.140%7.640%
1st payment$3,490.95$3,582.44
2nd payment$0.00$0.00
Taxes / mo$399.17$399.17
Insurance / mo$166.67$166.67
MI / mo$399.91$103.48
HOA / mo$0.00$0.00
Total monthly$4,456.70$4,251.75
Cash to close$39,241$57,490