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$536,599$477,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.320%
Blended rate7.150%7.560%
1st payment$3,568.14$3,276.66
2nd payment$0.00$0.00
Taxes / mo$509.67$509.67
Insurance / mo$166.67$166.67
MI / mo$256.07$95.40
HOA / mo$58.00$58.00
Total monthly$4,558.54$4,106.39
Cash to close$0$53,000