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$474,114$448,650
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$3,013.29$3,106.36
2nd payment$0.00$0.00
Taxes / mo$604.83$604.83
Insurance / mo$166.67$166.67
MI / mo$218.50$89.73
HOA / mo$130.00$130.00
Total monthly$4,133.29$4,097.59
Cash to close$24,386$49,850