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$532,892$494,910
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.830%7.400%
Blended rate7.380%7.640%
1st payment$3,531.44$3,426.66
2nd payment$0.00$0.00
Taxes / mo$148.67$148.67
Insurance / mo$166.67$166.67
MI / mo$247.52$98.98
HOA / mo$0.00$0.00
Total monthly$4,094.29$3,840.97
Cash to close$17,008$54,990