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$488,093$481,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$3,291.70$3,333.81
2nd payment$0.00$0.00
Taxes / mo$479.00$479.00
Insurance / mo$166.67$166.67
MI / mo$229.54$96.30
HOA / mo$0.00$0.00
Total monthly$4,166.91$4,075.78
Cash to close$46,907$53,500