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$509,342$476,996
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$3,444.78$3,302.62
2nd payment$0.00$0.00
Taxes / mo$441.66$441.66
Insurance / mo$166.67$166.67
MI / mo$238.52$95.40
HOA / mo$565.00$565.00
Total monthly$4,856.62$4,571.35
Cash to close$20,653$53,000