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$465,427$449,899
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$3,323.28$3,115.01
2nd payment$0.00$0.00
Taxes / mo$384.17$384.17
Insurance / mo$166.67$166.67
MI / mo$219.13$89.98
HOA / mo$71.00$71.00
Total monthly$4,164.24$3,826.82
Cash to close$34,461$49,989