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$516,322$485,910
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$3,360.51$3,364.34
2nd payment$0.00$0.00
Taxes / mo$654.92$654.92
Insurance / mo$166.67$166.67
MI / mo$240.17$97.18
HOA / mo$140.00$140.00
Total monthly$4,562.26$4,423.11
Cash to close$23,578$53,990