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$520,661$488,700
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$3,487.18$3,383.66
2nd payment$0.00$0.00
Taxes / mo$166.08$166.08
Insurance / mo$166.67$166.67
MI / mo$243.92$97.74
HOA / mo$71.67$71.67
Total monthly$4,135.52$3,885.82
Cash to close$22,339$54,300