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$480,917$403,200
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.320%
Blended rate6.980%7.560%
1st payment$3,142.14$2,769.70
2nd payment$0.00$0.00
Taxes / mo$235.42$235.42
Insurance / mo$150.00$150.00
MI / mo$229.52$80.64
HOA / mo$30.67$30.67
Total monthly$3,787.74$3,266.43
Cash to close$0$44,800