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$530,559$481,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.830%7.400%
Blended rate7.380%7.640%
1st payment$3,515.98$3,333.81
2nd payment$0.00$0.00
Taxes / mo$445.83$445.83
Insurance / mo$166.67$166.67
MI / mo$246.43$96.30
HOA / mo$132.00$132.00
Total monthly$4,506.92$4,174.61
Cash to close$4,441$53,500