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$569,472$472,455
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.200%7.400%
Blended rate7.750%7.640%
1st payment$3,979.55$3,271.18
2nd payment$0.00$0.00
Taxes / mo$437.46$437.46
Insurance / mo$166.67$166.67
MI / mo$268.71$94.49
HOA / mo$132.00$132.00
Total monthly$4,984.39$4,101.80
Cash to close$0$52,495