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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$520,146$476,910
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.85%7.18%
Blended rate7.4%7.42%
1st payment$3,487.18$3,230.75
2nd payment$0.00$0.00
Taxes / mo$166.08$166.08
Insurance / mo$166.67$166.67
MI / mo$243.92$95.38
HOA / mo$71.67$71.67
Total monthly$4,135.52$3,730.56
Cash to close$9,754$52,990