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$500,958$472,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$3,244.52$3,271.49
2nd payment$0.00$0.00
Taxes / mo$437.50$437.50
Insurance / mo$166.67$166.67
MI / mo$239.24$94.50
HOA / mo$450.00$450.00
Total monthly$4,537.92$4,420.16
Cash to close$24,042$52,500