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$526,515$498,599
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$3,349.47$3,452.20
2nd payment$0.00$0.00
Taxes / mo$237.67$237.67
Insurance / mo$166.67$166.67
MI / mo$242.88$99.72
HOA / mo$508.00$508.00
Total monthly$4,504.69$4,464.25
Cash to close$27,484$55,400