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$518,674$490,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.320%
Blended rate6.870%7.560%
1st payment$3,288.83$3,369.39
2nd payment$0.00$0.00
Taxes / mo$164.58$164.58
Insurance / mo$166.67$166.67
MI / mo$243.02$98.10
HOA / mo$100.00$100.00
Total monthly$3,963.09$3,898.74
Cash to close$26,326$54,500