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$475,651$445,410
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.28%7.24%
Blended rate6.83%7.48%
1st payment$3,073.77$3,035.46
2nd payment$0.00$0.00
Taxes / mo$502.67$502.67
Insurance / mo$166.67$166.67
MI / mo$228.08$89.08
HOA / mo$0.00$0.00
Total monthly$3,971.18$3,793.88
Cash to close$19,249$49,490