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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$468,704$432,441
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.18%
Blended rate7.05%7.42%
1st payment$2,978.90$2,929.51
2nd payment$0.00$0.00
Taxes / mo$24.50$24.50
Insurance / mo$166.67$166.67
MI / mo$216.01$86.49
HOA / mo$75.00$75.00
Total monthly$3,461.08$3,282.16
Cash to close$11,786$48,049