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$473,974$466,200
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$3,186.91$3,227.87
2nd payment$0.00$0.00
Taxes / mo$284.33$284.33
Insurance / mo$166.67$166.67
MI / mo$222.01$93.24
HOA / mo$25.00$25.00
Total monthly$3,884.92$3,797.11
Cash to close$44,026$51,800