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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$499,522$467,550
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.320%
Blended rate7.400%7.560%
1st payment$3,345.60$3,211.74
2nd payment$0.00$0.00
Taxes / mo$221.03$221.03
Insurance / mo$166.67$166.67
MI / mo$234.01$93.51
HOA / mo$198.00$198.00
Total monthly$4,165.31$3,890.95
Cash to close$19,978$51,950