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$545,208$450,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.770%7.640%
1st payment$3,758.31$3,115.71
2nd payment$0.00$0.00
Taxes / mo$456.00$456.00
Insurance / mo$166.67$166.67
MI / mo$403.39$90.00
HOA / mo$92.00$92.00
Total monthly$4,876.37$3,920.38
Cash to close$0$50,000