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$498,606$464,399
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.100%7.400%
Blended rate7.650%7.640%
1st payment$3,431.27$3,215.41
2nd payment$0.00$0.00
Taxes / mo$208.58$208.58
Insurance / mo$166.67$166.67
MI / mo$234.02$92.88
HOA / mo$153.00$153.00
Total monthly$4,193.53$3,836.54
Cash to close$17,393$51,600