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$483,227$454,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.930%7.400%
Blended rate7.480%7.640%
1st payment$3,243.21$3,146.87
2nd payment$0.00$0.00
Taxes / mo$157.08$157.08
Insurance / mo$166.67$166.67
MI / mo$225.02$90.90
HOA / mo$90.00$90.00
Total monthly$3,881.97$3,651.52
Cash to close$21,773$50,500