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$524,208$418,500
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$3,477.85$2,897.61
2nd payment$0.00$0.00
Taxes / mo$179.33$179.33
Insurance / mo$166.67$166.67
MI / mo$243.02$83.70
HOA / mo$208.00$208.00
Total monthly$4,274.87$3,535.31
Cash to close$0$46,500