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$556,772$494,100
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.180%7.320%
Blended rate7.730%7.560%
1st payment$3,891.21$3,394.12
2nd payment$0.00$0.00
Taxes / mo$332.00$332.00
Insurance / mo$166.67$166.67
MI / mo$263.27$98.82
HOA / mo$149.00$149.00
Total monthly$4,802.15$4,140.61
Cash to close$0$54,900