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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$516,180$480,600
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.6%7.18%
Blended rate7.15%7.42%
1st payment$3,398.16$3,255.75
2nd payment$0.00$0.00
Taxes / mo$6.42$6.42
Insurance / mo$166.67$166.67
MI / mo$243.87$96.12
HOA / mo$85.00$85.00
Total monthly$3,900.11$3,609.96
Cash to close$17,820$53,400