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$534,975$512,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.29%7.24%
Blended rate7.14%7.48%
1st payment$3,490.95$3,495.47
2nd payment$0.00$0.00
Taxes / mo$399.17$399.17
Insurance / mo$166.67$166.67
MI / mo$399.91$102.58
HOA / mo$0.00$0.00
Total monthly$4,456.70$4,163.89
Cash to close$34,925$56,990