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$573,414$539,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.3%7.24%
Blended rate6.85%7.48%
1st payment$3,587.35$3,679.48
2nd payment$0.00$0.00
Taxes / mo$265.33$265.33
Insurance / mo$166.67$166.67
MI / mo$265.63$107.98
HOA / mo$0.00$0.00
Total monthly$4,284.98$4,219.46
Cash to close$26,486$59,990