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$469,190$422,999
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.660%7.640%
1st payment$3,197.44$2,928.76
2nd payment$0.00$0.00
Taxes / mo$64.33$64.33
Insurance / mo$166.67$166.67
MI / mo$347.06$84.60
HOA / mo$0.00$0.00
Total monthly$3,775.50$3,244.36
Cash to close$809$47,000