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$485,573$467,100
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.750%7.640%
1st payment$3,340.97$3,234.11
2nd payment$0.00$0.00
Taxes / mo$77.25$77.25
Insurance / mo$166.67$166.67
MI / mo$359.33$93.42
HOA / mo$50.00$50.00
Total monthly$3,994.21$3,621.44
Cash to close$33,427$51,900