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$483,217$445,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.44%7.18%
Blended rate7.99%7.42%
1st payment$3,453.55$3,017.97
2nd payment$0.00$0.00
Taxes / mo$301.12$301.12
Insurance / mo$166.67$166.67
MI / mo$227.72$89.10
HOA / mo$75.00$75.00
Total monthly$4,224.05$3,649.86
Cash to close$11,783$49,500