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$485,098$457,200
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$3,116.17$3,165.56
2nd payment$0.00$0.00
Taxes / mo$423.33$423.33
Insurance / mo$166.67$166.67
MI / mo$225.96$91.44
HOA / mo$0.00$0.00
Total monthly$3,932.14$3,847.00
Cash to close$22,902$50,800