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$506,423$445,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$3,417.93$3,084.55
2nd payment$0.00$0.00
Taxes / mo$412.50$412.50
Insurance / mo$166.67$166.67
MI / mo$240.54$89.10
HOA / mo$412.00$412.00
Total monthly$4,649.63$4,164.82
Cash to close$0$49,500