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$545,427$520,200
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$3,525.31$3,601.76
2nd payment$0.00$0.00
Taxes / mo$481.67$481.67
Insurance / mo$166.67$166.67
MI / mo$255.63$104.04
HOA / mo$411.00$411.00
Total monthly$4,840.27$4,765.13
Cash to close$32,573$57,800