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$600,427$580,410
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.220%7.400%
Blended rate7.770%7.640%
1st payment$4,179.61$4,018.64
2nd payment$0.00$0.00
Taxes / mo$679.08$679.08
Insurance / mo$166.67$166.67
MI / mo$281.65$116.08
HOA / mo$100.00$100.00
Total monthly$5,407.01$5,080.47
Cash to close$44,473$64,490