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$451,103$404,910
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$3,033.94$2,803.52
2nd payment$0.00$0.00
Taxes / mo$131.13$131.13
Insurance / mo$150.00$150.00
MI / mo$212.86$80.98
HOA / mo$0.00$0.00
Total monthly$3,527.94$3,165.63
Cash to close$0$44,990