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
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$466,117$466,117$472,500
Remaining term (yrs)28.428.430.0
Secondary amount$0$32,633$0
Funding fee$0$0$0
Note rate6.87%6.87%7.11%
Blended rate7.42%7.711%7.35%
1st payment$3,109.93$3,109.93$3,178.54
2nd payment$0.00$322.93$0.00
Taxes / mo$467.83$467.83$467.83
Insurance / mo$166.67$166.67$166.67
MI / mo$217.09$217.09$94.50
HOA / mo$520.00$520.00$520.00
Total monthly$4,481.52$4,804.46$4,427.54
Cash to close$58,883$26,250$52,500