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$447,849$439,200
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.030%7.400%
Blended rate7.580%7.640%
1st payment$3,076.53$3,040.93
2nd payment$0.00$0.00
Taxes / mo$728.25$728.25
Insurance / mo$166.67$166.67
MI / mo$211.30$87.84
HOA / mo$86.67$86.67
Total monthly$4,269.42$4,110.36
Cash to close$40,151$48,800