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$568,183$432,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$3,805.45$2,991.08
2nd payment$0.00$0.00
Taxes / mo$400.00$400.00
Insurance / mo$166.67$166.67
MI / mo$270.02$86.40
HOA / mo$0.00$0.00
Total monthly$4,642.13$3,644.15
Cash to close$0$48,000