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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$491,366$459,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.800%7.320%
Blended rate8.350%7.560%
1st payment$3,636.70$3,153.01
2nd payment$0.00$0.00
Taxes / mo$200.50$200.50
Insurance / mo$166.67$166.67
MI / mo$231.54$91.80
HOA / mo$153.00$153.00
Total monthly$4,388.41$3,764.98
Cash to close$18,634$51,000