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$477,596$458,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$3,180.66$3,177.40
2nd payment$0.00$0.00
Taxes / mo$602.75$602.75
Insurance / mo$166.67$166.67
MI / mo$224.99$91.78
HOA / mo$66.67$66.67
Total monthly$4,241.74$4,105.27
Cash to close$32,304$50,990