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$584,016$575,100
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$3,730.84$3,981.88
2nd payment$0.00$0.00
Taxes / mo$532.50$532.50
Insurance / mo$166.67$166.67
MI / mo$435.63$115.02
HOA / mo$743.00$743.00
Total monthly$5,608.63$5,539.06
Cash to close$54,984$63,900