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$513,855$431,100
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.06%7.24%
Blended rate7.61%7.48%
1st payment$3,522.66$2,937.94
2nd payment$0.00$0.00
Taxes / mo$294.92$294.92
Insurance / mo$166.67$166.67
MI / mo$241.22$86.22
HOA / mo$0.00$0.00
Total monthly$4,225.46$3,485.74
Cash to close$0$47,900