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$563,249$526,499
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$3,747.20$3,645.37
2nd payment$0.00$0.00
Taxes / mo$156.42$156.42
Insurance / mo$166.67$166.67
MI / mo$265.07$105.30
HOA / mo$0.00$0.00
Total monthly$4,335.35$4,073.76
Cash to close$21,750$58,500