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$532,443$503,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.180%7.400%
Blended rate7.730%7.640%
1st payment$3,724.92$3,488.97
2nd payment$0.00$0.00
Taxes / mo$603.01$603.01
Insurance / mo$166.67$166.67
MI / mo$252.02$100.78
HOA / mo$0.00$0.00
Total monthly$4,746.62$4,359.43
Cash to close$27,457$55,990