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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$499,632$477,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.94%7.18%
Blended rate7.49%7.42%
1st payment$3,392.52$3,231.36
2nd payment$0.00$0.00
Taxes / mo$159.50$159.50
Insurance / mo$166.67$166.67
MI / mo$235.14$95.40
HOA / mo$90.00$90.00
Total monthly$4,043.82$3,742.93
Cash to close$30,368$53,000