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$502,678$495,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.54%7.18%
Blended rate7.09%7.42%
1st payment$3,327.20$3,353.30
2nd payment$0.00$0.00
Taxes / mo$574.92$574.92
Insurance / mo$166.67$166.67
MI / mo$240.27$99.00
HOA / mo$0.00$0.00
Total monthly$4,309.05$4,193.89
Cash to close$47,322$55,000