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$465,709$463,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.750%7.640%
1st payment$3,200.69$3,209.18
2nd payment$0.00$0.00
Taxes / mo$557.67$557.67
Insurance / mo$166.67$166.67
MI / mo$344.24$92.70
HOA / mo$50.00$50.00
Total monthly$4,319.26$4,076.21
Cash to close$49,291$51,500