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$465,854$449,991
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.120%7.400%
Blended rate7.670%7.640%
1st payment$3,234.18$3,115.65
2nd payment$0.00$0.00
Taxes / mo$513.50$513.50
Insurance / mo$166.67$166.67
MI / mo$220.13$90.00
HOA / mo$8.33$8.33
Total monthly$4,142.81$3,894.14
Cash to close$34,136$49,999