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$608,418$584,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$4,016.77$4,044.19
2nd payment$0.00$0.00
Taxes / mo$78.75$78.75
Insurance / mo$166.67$166.67
MI / mo$287.07$116.82
HOA / mo$0.00$0.00
Total monthly$4,549.26$4,406.43
Cash to close$40,582$64,900