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$556,083$494,100
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.980%7.400%
Blended rate6.530%7.640%
1st payment$3,386.74$3,421.05
2nd payment$0.00$0.00
Taxes / mo$195.42$195.42
Insurance / mo$166.67$166.67
MI / mo$256.26$98.82
HOA / mo$0.00$0.00
Total monthly$4,005.08$3,881.95
Cash to close$0$54,900