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$465,452$436,410
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,958.24$3,021.61
2nd payment$0.00$0.00
Taxes / mo$500.50$500.50
Insurance / mo$166.67$166.67
MI / mo$214.51$87.28
HOA / mo$0.00$0.00
Total monthly$3,839.91$3,776.06
Cash to close$19,448$48,490