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$476,913$472,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.32%7.18%
Blended rate6.87%7.42%
1st payment$3,093.93$3,200.88
2nd payment$0.00$0.00
Taxes / mo$120.75$120.75
Insurance / mo$166.67$166.67
MI / mo$228.62$94.50
HOA / mo$30.00$30.00
Total monthly$3,639.96$3,612.80
Cash to close$48,087$52,500