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$458,819$449,100
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.320%
Blended rate7.990%7.560%
1st payment$3,276.10$3,085.01
2nd payment$0.00$0.00
Taxes / mo$733.83$733.83
Insurance / mo$166.67$166.67
MI / mo$216.02$89.82
HOA / mo$467.00$467.00
Total monthly$4,859.61$4,542.33
Cash to close$40,181$49,900