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$475,380$459,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$3,218.24$3,178.02
2nd payment$0.00$0.00
Taxes / mo$153.42$153.42
Insurance / mo$166.67$166.67
MI / mo$223.06$91.80
HOA / mo$82.00$82.00
Total monthly$3,843.38$3,671.91
Cash to close$34,620$51,000