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$557,921$484,999
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.320%
Blended rate7.290%7.560%
1st payment$3,711.75$3,331.61
2nd payment$0.00$0.00
Taxes / mo$449.07$449.07
Insurance / mo$166.67$166.67
MI / mo$262.56$97.00
HOA / mo$0.00$0.00
Total monthly$4,590.05$4,044.35
Cash to close$0$53,889