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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$529,200$449,910
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.18%
Blended rate7.05%7.42%
1st payment$3,413.34$3,047.85
2nd payment$0.00$0.00
Taxes / mo$20.33$20.33
Insurance / mo$166.67$166.67
MI / mo$247.51$89.98
HOA / mo$120.00$120.00
Total monthly$3,967.85$3,444.83
Cash to close$0$49,990