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$457,792$382,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$3,019.38$2,648.35
2nd payment$0.00$0.00
Taxes / mo$610.17$610.17
Insurance / mo$150.00$150.00
MI / mo$216.02$76.50
HOA / mo$33.33$33.33
Total monthly$4,028.89$3,518.35
Cash to close$0$42,500