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$496,586$449,100
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$3,299.97$3,109.48
2nd payment$0.00$0.00
Taxes / mo$651.92$651.92
Insurance / mo$166.67$166.67
MI / mo$231.77$89.82
HOA / mo$8.33$8.33
Total monthly$4,358.65$4,026.21
Cash to close$2,414$49,900