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$576,288$490,500
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$3,622.70$3,396.12
2nd payment$0.00$0.00
Taxes / mo$454.17$454.17
Insurance / mo$166.67$166.67
MI / mo$264.62$98.10
HOA / mo$0.00$0.00
Total monthly$4,508.15$4,115.06
Cash to close$0$54,500