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$520,172$467,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.400%
Blended rate7.320%7.640%
1st payment$3,477.95$3,239.71
2nd payment$0.00$0.00
Taxes / mo$458.67$458.67
Insurance / mo$166.67$166.67
MI / mo$245.27$93.58
HOA / mo$87.00$87.00
Total monthly$4,435.55$4,045.63
Cash to close$0$51,990