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$491,721$463,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$3,242.89$3,209.18
2nd payment$0.00$0.00
Taxes / mo$175.25$175.25
Insurance / mo$166.67$166.67
MI / mo$231.77$92.70
HOA / mo$0.00$0.00
Total monthly$3,816.57$3,643.80
Cash to close$23,279$51,500