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$528,161$435,600
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.24%
Blended rate7.05%7.48%
1st payment$3,389.41$2,968.61
2nd payment$0.00$0.00
Taxes / mo$61.67$61.67
Insurance / mo$166.67$166.67
MI / mo$245.78$87.12
HOA / mo$0.00$0.00
Total monthly$3,863.52$3,284.06
Cash to close$0$48,400