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$472,923$467,999
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.88%7.18%
Blended rate7.43%7.42%
1st payment$3,189.40$3,170.39
2nd payment$0.00$0.00
Taxes / mo$166.08$166.08
Insurance / mo$166.67$166.67
MI / mo$222.41$93.60
HOA / mo$68.67$68.67
Total monthly$3,813.23$3,665.41
Cash to close$47,076$52,000