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$485,378$440,910
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.650%7.400%
Blended rate7.200%7.640%
1st payment$3,165.36$3,052.77
2nd payment$0.00$0.00
Taxes / mo$76.42$76.42
Insurance / mo$166.67$166.67
MI / mo$225.99$88.18
HOA / mo$61.67$61.67
Total monthly$3,696.10$3,445.71
Cash to close$4,522$48,990