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$456,510$445,410
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.470%7.320%
Blended rate7.020%7.560%
1st payment$2,944.87$3,059.66
2nd payment$0.00$0.00
Taxes / mo$87.75$87.75
Insurance / mo$166.67$166.67
MI / mo$214.21$89.08
HOA / mo$40.00$40.00
Total monthly$3,453.50$3,443.16
Cash to close$38,390$49,490