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$484,908$468,450
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.84%7.18%
Blended rate7.39%7.42%
1st payment$3,213.67$3,173.44
2nd payment$0.00$0.00
Taxes / mo$155.00$155.00
Insurance / mo$166.67$166.67
MI / mo$225.02$93.69
HOA / mo$100.00$100.00
Total monthly$3,860.36$3,688.80
Cash to close$35,592$52,050