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$514,557$494,550
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.760%7.400%
Blended rate7.310%7.640%
1st payment$3,386.24$3,424.16
2nd payment$0.00$0.00
Taxes / mo$104.83$104.83
Insurance / mo$166.67$166.67
MI / mo$239.04$98.91
HOA / mo$85.00$85.00
Total monthly$3,981.78$3,879.57
Cash to close$34,943$54,950