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$465,046$431,100
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$3,062.99$2,984.85
2nd payment$0.00$0.00
Taxes / mo$631.17$631.17
Insurance / mo$166.67$166.67
MI / mo$217.11$86.22
HOA / mo$106.67$106.67
Total monthly$4,184.61$3,975.57
Cash to close$13,954$47,900