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$477,443$382,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$3,175.87$2,648.35
2nd payment$0.00$0.00
Taxes / mo$203.42$203.42
Insurance / mo$150.00$150.00
MI / mo$223.74$76.50
HOA / mo$148.00$148.00
Total monthly$3,901.02$3,226.27
Cash to close$0$42,500