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$475,886$450,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.620%7.400%
Blended rate7.170%7.640%
1st payment$3,135.65$3,115.71
2nd payment$0.00$0.00
Taxes / mo$215.50$215.50
Insurance / mo$166.67$166.67
MI / mo$224.57$90.00
HOA / mo$64.67$64.67
Total monthly$3,807.06$3,652.55
Cash to close$24,114$50,000