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$415,736$391,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.220%7.400%
Blended rate7.770%7.640%
1st payment$2,905.03$2,710.67
2nd payment$0.00$0.00
Taxes / mo$288.83$288.83
Insurance / mo$150.00$150.00
MI / mo$195.76$78.30
HOA / mo$22.50$22.50
Total monthly$3,562.13$3,250.30
Cash to close$19,264$43,500