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$514,735$427,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.310%7.400%
Blended rate7.860%7.640%
1st payment$3,637.95$2,959.92
2nd payment$0.00$0.00
Taxes / mo$469.25$469.25
Insurance / mo$166.67$166.67
MI / mo$242.97$85.50
HOA / mo$3.25$3.25
Total monthly$4,520.09$3,684.59
Cash to close$0$47,500