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$510,357$436,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.660%7.400%
Blended rate7.210%7.640%
1st payment$3,379.56$3,022.24
2nd payment$0.00$0.00
Taxes / mo$287.00$287.00
Insurance / mo$166.67$166.67
MI / mo$241.04$87.30
HOA / mo$26.00$26.00
Total monthly$4,100.27$3,589.20
Cash to close$0$48,500