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$472,607$449,999
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$3,009.03$3,115.70
2nd payment$0.00$0.00
Taxes / mo$254.08$254.08
Insurance / mo$166.67$166.67
MI / mo$221.64$90.00
HOA / mo$0.00$0.00
Total monthly$3,651.42$3,626.45
Cash to close$27,392$50,000