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$558,639$539,100
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$3,734.34$3,732.62
2nd payment$0.00$0.00
Taxes / mo$499.17$499.17
Insurance / mo$166.67$166.67
MI / mo$265.52$107.82
HOA / mo$443.00$443.00
Total monthly$5,108.69$4,949.27
Cash to close$40,361$59,900