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$522,377$512,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.77%7.18%
Blended rate7.32%7.42%
1st payment$3,492.69$3,474.63
2nd payment$0.00$0.00
Taxes / mo$202.17$202.17
Insurance / mo$166.67$166.67
MI / mo$246.31$102.58
HOA / mo$169.00$169.00
Total monthly$4,276.83$4,115.05
Cash to close$47,523$56,990