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$484,091$464,400
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.58%7.24%
Blended rate7.13%7.48%
1st payment$3,119.64$3,164.88
2nd payment$0.00$0.00
Taxes / mo$199.67$199.67
Insurance / mo$166.67$166.67
MI / mo$224.35$92.88
HOA / mo$46.67$46.67
Total monthly$3,756.99$3,670.76
Cash to close$31,909$51,600