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$528,747$445,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.66%7.24%
Blended rate7.21%7.48%
1st payment$3,501.34$3,036.07
2nd payment$0.00$0.00
Taxes / mo$549.17$549.17
Insurance / mo$166.67$166.67
MI / mo$249.72$89.10
HOA / mo$50.00$50.00
Total monthly$4,516.90$3,891.01
Cash to close$0$49,500