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$448,831$418,410
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.570%7.400%
Blended rate7.120%7.640%
1st payment$2,969.13$2,896.99
2nd payment$0.00$0.00
Taxes / mo$342.93$342.93
Insurance / mo$166.67$166.67
MI / mo$213.74$83.68
HOA / mo$86.00$86.00
Total monthly$3,778.47$3,576.27
Cash to close$16,069$46,490