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$471,944$458,999
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$3,079.91$3,178.02
2nd payment$0.00$0.00
Taxes / mo$185.08$185.08
Insurance / mo$166.67$166.67
MI / mo$224.97$91.80
HOA / mo$96.00$96.00
Total monthly$3,752.63$3,717.57
Cash to close$38,055$51,000