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$471,582$422,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$3,128.62$2,922.54
2nd payment$0.00$0.00
Taxes / mo$390.83$390.83
Insurance / mo$166.67$166.67
MI / mo$222.45$84.42
HOA / mo$685.00$685.00
Total monthly$4,593.57$4,249.46
Cash to close$0$46,900