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$455,321$449,100
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.32%7.24%
Blended rate6.87%7.48%
1st payment$2,953.85$3,060.61
2nd payment$0.00$0.00
Taxes / mo$208.92$208.92
Insurance / mo$166.67$166.67
MI / mo$218.27$89.82
HOA / mo$0.00$0.00
Total monthly$3,547.70$3,526.01
Cash to close$43,679$49,900