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$501,626$463,500
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.63%7.18%
Blended rate7.18%7.42%
1st payment$3,255.27$3,139.91
2nd payment$0.00$0.00
Taxes / mo$165.67$165.67
Insurance / mo$166.67$166.67
MI / mo$232.89$92.70
HOA / mo$94.00$94.00
Total monthly$3,914.49$3,658.94
Cash to close$13,374$51,500