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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$461,262$450,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.320%
Blended rate7.220%7.560%
1st payment$3,064.01$3,091.19
2nd payment$0.00$0.00
Taxes / mo$189.50$189.50
Insurance / mo$166.67$166.67
MI / mo$218.31$90.00
HOA / mo$132.00$132.00
Total monthly$3,770.49$3,669.35
Cash to close$38,738$50,000