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$498,307$485,910
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$3,393.13$3,364.34
2nd payment$0.00$0.00
Taxes / mo$144.67$144.67
Insurance / mo$166.67$166.67
MI / mo$233.99$97.18
HOA / mo$105.00$105.00
Total monthly$4,043.46$3,877.86
Cash to close$41,593$53,990