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$520,912$449,910
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.330%7.400%
Blended rate7.180%7.640%
1st payment$3,386.78$3,115.09
2nd payment$0.00$0.00
Taxes / mo$333.25$333.25
Insurance / mo$166.67$166.67
MI / mo$386.35$89.98
HOA / mo$0.00$0.00
Total monthly$4,273.05$3,704.98
Cash to close$0$49,990