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$504,142$481,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.69%7.18%
Blended rate7.24%7.42%
1st payment$3,348.18$3,261.85
2nd payment$0.00$0.00
Taxes / mo$211.67$211.67
Insurance / mo$166.67$166.67
MI / mo$238.06$96.30
HOA / mo$96.00$96.00
Total monthly$4,060.58$3,832.48
Cash to close$30,858$53,500