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$475,233$467,910
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$3,155.82$3,239.71
2nd payment$0.00$0.00
Taxes / mo$433.25$433.25
Insurance / mo$166.67$166.67
MI / mo$220.52$93.58
HOA / mo$208.00$208.00
Total monthly$4,184.25$4,141.21
Cash to close$44,667$51,990