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$513,301$449,910
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.320%
Blended rate7.220%7.560%
1st payment$3,347.68$3,090.57
2nd payment$0.00$0.00
Taxes / mo$290.33$290.33
Insurance / mo$166.67$166.67
MI / mo$238.52$89.98
HOA / mo$135.00$135.00
Total monthly$4,178.19$3,772.55
Cash to close$0$49,990