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$540,892$526,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.46%7.24%
Blended rate7.01%7.48%
1st payment$3,493.15$3,588.09
2nd payment$0.00$0.00
Taxes / mo$580.08$580.08
Insurance / mo$166.67$166.67
MI / mo$254.36$105.30
HOA / mo$0.00$0.00
Total monthly$4,494.26$4,440.14
Cash to close$44,108$58,500