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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$498,597$477,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.64%7.18%
Blended rate7.19%7.42%
1st payment$3,295.25$3,231.36
2nd payment$0.00$0.00
Taxes / mo$178.17$178.17
Insurance / mo$166.67$166.67
MI / mo$235.51$95.40
HOA / mo$100.00$100.00
Total monthly$3,975.59$3,771.60
Cash to close$31,403$53,000