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$467,866$456,300
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$3,202.51$3,159.33
2nd payment$0.00$0.00
Taxes / mo$422.50$422.50
Insurance / mo$166.67$166.67
MI / mo$221.52$91.26
HOA / mo$103.00$103.00
Total monthly$4,116.20$3,942.76
Cash to close$39,134$50,700