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$475,010$467,991
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.570%7.400%
Blended rate8.120%7.640%
1st payment$3,442.45$3,240.28
2nd payment$0.00$0.00
Taxes / mo$300.25$300.25
Insurance / mo$166.67$166.67
MI / mo$224.11$93.60
HOA / mo$98.00$98.00
Total monthly$4,231.48$3,898.79
Cash to close$44,980$51,999