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$575,264$539,910
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.24%
Blended rate7.05%7.48%
1st payment$3,677.16$3,679.48
2nd payment$0.00$0.00
Taxes / mo$410.17$410.17
Insurance / mo$166.67$166.67
MI / mo$266.64$107.98
HOA / mo$122.00$122.00
Total monthly$4,642.64$4,486.29
Cash to close$24,636$59,990