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$548,426$526,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$3,627.16$3,645.38
2nd payment$0.00$0.00
Taxes / mo$487.50$487.50
Insurance / mo$166.67$166.67
MI / mo$254.75$105.30
HOA / mo$48.00$48.00
Total monthly$4,584.07$4,452.85
Cash to close$36,574$58,500