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$502,633$432,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.260%7.400%
Blended rate6.810%7.640%
1st payment$3,237.84$2,991.08
2nd payment$0.00$0.00
Taxes / mo$416.67$416.67
Insurance / mo$166.67$166.67
MI / mo$240.77$86.40
HOA / mo$0.00$0.00
Total monthly$4,061.94$3,660.81
Cash to close$0$48,000