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$474,380$404,910
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.5%7.18%
Blended rate7.05%7.42%
1st payment$3,009.38$2,743.00
2nd payment$0.00$0.00
Taxes / mo$371.25$371.25
Insurance / mo$150.00$150.00
MI / mo$218.22$80.98
HOA / mo$0.00$0.00
Total monthly$3,748.85$3,345.23
Cash to close$0$44,990