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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$470,281$445,410
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.9%7.18%
Blended rate7.45%7.42%
1st payment$3,190.69$3,017.36
2nd payment$0.00$0.00
Taxes / mo$149.58$149.58
Insurance / mo$166.67$166.67
MI / mo$222.05$89.08
HOA / mo$114.00$114.00
Total monthly$3,842.99$3,536.69
Cash to close$24,619$49,490