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$499,621$438,299
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.070%7.400%
Blended rate7.620%7.640%
1st payment$3,455.75$3,034.69
2nd payment$0.00$0.00
Taxes / mo$383.33$383.33
Insurance / mo$166.67$166.67
MI / mo$236.40$87.66
HOA / mo$111.00$111.00
Total monthly$4,353.15$3,783.35
Cash to close$0$48,700