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$530,824$459,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$3,489.29$3,178.02
2nd payment$0.00$0.00
Taxes / mo$425.00$425.00
Insurance / mo$166.67$166.67
MI / mo$248.10$91.80
HOA / mo$180.00$180.00
Total monthly$4,509.06$4,041.49
Cash to close$0$51,000