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$454,570$418,500
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.480%7.400%
Blended rate7.030%7.640%
1st payment$2,872.44$2,897.61
2nd payment$0.00$0.00
Taxes / mo$180.08$180.08
Insurance / mo$166.67$166.67
MI / mo$208.72$83.70
HOA / mo$24.00$24.00
Total monthly$3,451.92$3,352.06
Cash to close$10,430$46,500