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$515,961$472,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$3,420.00$3,271.49
2nd payment$0.00$0.00
Taxes / mo$154.58$154.58
Insurance / mo$166.67$166.67
MI / mo$243.67$94.50
HOA / mo$71.00$71.00
Total monthly$4,055.92$3,758.24
Cash to close$9,039$52,500