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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$504,023$483,300
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.46%7.18%
Blended rate7.01%7.42%
1st payment$3,255.05$3,274.04
2nd payment$0.00$0.00
Taxes / mo$140.42$140.42
Insurance / mo$166.67$166.67
MI / mo$237.02$96.66
HOA / mo$123.00$123.00
Total monthly$3,922.15$3,800.79
Cash to close$32,977$53,700