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$529,054$489,366
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.11%7.24%
Blended rate6.66%7.48%
1st payment$3,225.34$3,335.02
2nd payment$0.00$0.00
Taxes / mo$416.67$416.67
Insurance / mo$166.67$166.67
MI / mo$243.68$97.87
HOA / mo$50.00$50.00
Total monthly$4,102.36$4,066.23
Cash to close$14,686$54,374