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$457,045$427,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,947.94$2,959.92
2nd payment$0.00$0.00
Taxes / mo$203.92$203.92
Insurance / mo$166.67$166.67
MI / mo$213.76$85.50
HOA / mo$200.00$200.00
Total monthly$3,732.29$3,616.01
Cash to close$17,955$47,500