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$436,976$409,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.170%7.400%
Blended rate7.720%7.640%
1st payment$3,033.14$2,835.30
2nd payment$0.00$0.00
Taxes / mo$140.58$140.58
Insurance / mo$166.67$166.67
MI / mo$205.42$81.90
HOA / mo$90.00$90.00
Total monthly$3,635.81$3,314.45
Cash to close$18,024$45,500