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$566,607$535,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.320%
Blended rate7.090%7.560%
1st payment$3,676.84$3,678.51
2nd payment$0.00$0.00
Taxes / mo$582.00$582.00
Insurance / mo$166.67$166.67
MI / mo$265.51$107.10
HOA / mo$75.00$75.00
Total monthly$4,766.02$4,609.28
Cash to close$28,393$59,500