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$460,829$446,399
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.450%7.640%
1st payment$3,123.35$3,090.78
2nd payment$0.00$0.00
Taxes / mo$147.25$147.25
Insurance / mo$166.67$166.67
MI / mo$217.36$89.28
HOA / mo$90.00$90.00
Total monthly$3,744.63$3,583.97
Cash to close$35,170$49,600