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$475,081$449,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.63%7.18%
Blended rate7.18%7.42%
1st payment$3,095.05$3,042.36
2nd payment$0.00$0.00
Taxes / mo$210.58$210.58
Insurance / mo$166.67$166.67
MI / mo$221.43$89.82
HOA / mo$124.00$124.00
Total monthly$3,817.73$3,633.43
Cash to close$23,919$49,900