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$486,170$382,499
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.840%7.400%
Blended rate7.390%7.640%
1st payment$3,246.61$2,648.35
2nd payment$0.00$0.00
Taxes / mo$135.33$135.33
Insurance / mo$150.00$150.00
MI / mo$227.32$76.50
HOA / mo$62.00$62.00
Total monthly$3,821.26$3,072.18
Cash to close$0$42,500