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$525,215$472,410
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$3,427.56$3,270.87
2nd payment$0.00$0.00
Taxes / mo$469.50$469.50
Insurance / mo$166.67$166.67
MI / mo$250.36$94.48
HOA / mo$261.00$261.00
Total monthly$4,575.09$4,262.52
Cash to close$0$52,490