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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$507,953$485,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.54%7.18%
Blended rate7.09%7.42%
1st payment$3,362.12$3,291.72
2nd payment$0.00$0.00
Taxes / mo$139.75$139.75
Insurance / mo$166.67$166.67
MI / mo$242.79$97.18
HOA / mo$70.00$70.00
Total monthly$3,981.32$3,765.32
Cash to close$31,947$53,990