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$522,716$486,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.120%7.400%
Blended rate6.670%7.640%
1st payment$3,321.32$3,364.97
2nd payment$0.00$0.00
Taxes / mo$450.00$450.00
Insurance / mo$166.67$166.67
MI / mo$250.67$97.20
HOA / mo$11.08$11.08
Total monthly$4,199.73$4,089.91
Cash to close$17,284$54,000