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$464,099$445,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.240%
Blended rate7.640%7.480%
1st payment$3,216.13$3,036.07
2nd payment$0.00$0.00
Taxes / mo$754.92$754.92
Insurance / mo$166.67$166.67
MI / mo$219.56$89.10
HOA / mo$73.00$73.00
Total monthly$4,430.28$4,119.76
Cash to close$30,901$49,500