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$492,280$392,220
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.060%7.400%
Blended rate7.610%7.640%
1st payment$3,371.50$2,715.65
2nd payment$0.00$0.00
Taxes / mo$600.82$600.82
Insurance / mo$150.00$150.00
MI / mo$230.87$78.44
HOA / mo$151.00$151.00
Total monthly$4,504.18$3,695.91
Cash to close$0$43,580