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$509,338$490,410
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.070%7.400%
Blended rate7.620%7.640%
1st payment$3,522.96$3,395.50
2nd payment$0.00$0.00
Taxes / mo$512.67$512.67
Insurance / mo$166.67$166.67
MI / mo$240.99$98.08
HOA / mo$0.00$0.00
Total monthly$4,443.29$4,172.92
Cash to close$35,562$54,490