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$463,066$453,510
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.39%7.18%
Blended rate6.94%7.42%
1st payment$3,013.76$3,072.23
2nd payment$0.00$0.00
Taxes / mo$135.33$135.33
Insurance / mo$166.67$166.67
MI / mo$221.06$90.70
HOA / mo$149.00$149.00
Total monthly$3,685.82$3,613.94
Cash to close$40,834$50,390