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$540,639$535,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.89%7.18%
Blended rate7.44%7.42%
1st payment$3,617.68$3,627.66
2nd payment$0.00$0.00
Taxes / mo$318.92$318.92
Insurance / mo$166.67$166.67
MI / mo$252.02$107.10
HOA / mo$115.00$115.00
Total monthly$4,470.28$4,335.35
Cash to close$54,361$59,500