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$480,512$477,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$3,271.96$3,302.65
2nd payment$0.00$0.00
Taxes / mo$436.25$436.25
Insurance / mo$166.67$166.67
MI / mo$225.64$95.40
HOA / mo$83.33$83.33
Total monthly$4,183.84$4,084.30
Cash to close$49,488$53,000