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$487,483$463,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.060%7.400%
Blended rate7.610%7.640%
1st payment$3,338.64$3,209.18
2nd payment$0.00$0.00
Taxes / mo$429.17$429.17
Insurance / mo$166.67$166.67
MI / mo$228.62$92.70
HOA / mo$0.00$0.00
Total monthly$4,163.09$3,897.71
Cash to close$27,517$51,500