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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$487,722$448,200
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.1%7.18%
Blended rate7.65%7.42%
1st payment$3,366.17$3,036.26
2nd payment$0.00$0.00
Taxes / mo$182.83$182.83
Insurance / mo$166.67$166.67
MI / mo$229.58$89.64
HOA / mo$94.00$94.00
Total monthly$4,039.24$3,569.40
Cash to close$10,278$49,800