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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$519,124$513,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.86%7.18%
Blended rate7.41%7.42%
1st payment$3,487.19$3,475.24
2nd payment$0.00$0.00
Taxes / mo$226.75$226.75
Insurance / mo$166.67$166.67
MI / mo$243.67$102.60
HOA / mo$120.00$120.00
Total monthly$4,244.28$4,091.26
Cash to close$50,876$57,000