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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$507,296$463,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.88%7.18%
Blended rate6.43%7.42%
1st payment$3,131.52$3,139.91
2nd payment$0.00$0.00
Taxes / mo$342.25$342.25
Insurance / mo$166.67$166.67
MI / mo$242.50$92.70
HOA / mo$105.00$105.00
Total monthly$3,987.94$3,846.53
Cash to close$7,704$51,500