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$544,653$440,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.79%7.24%
Blended rate7.34%7.48%
1st payment$3,644.94$2,999.27
2nd payment$0.00$0.00
Taxes / mo$562.83$562.83
Insurance / mo$166.67$166.67
MI / mo$256.52$88.02
HOA / mo$50.00$50.00
Total monthly$4,680.95$3,866.79
Cash to close$0$48,900