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$527,585$508,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$3,382.34$3,520.75
2nd payment$0.00$0.00
Taxes / mo$276.58$276.58
Insurance / mo$166.67$166.67
MI / mo$245.26$101.70
HOA / mo$164.00$164.00
Total monthly$4,234.86$4,229.70
Cash to close$37,415$56,500