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$535,204$530,100
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.92%7.24%
Blended rate7.77%7.48%
1st payment$3,693.51$3,612.62
2nd payment$0.00$0.00
Taxes / mo$271.92$271.92
Insurance / mo$166.67$166.67
MI / mo$396.44$106.02
HOA / mo$0.00$0.00
Total monthly$4,528.53$4,157.22
Cash to close$53,796$58,900