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$413,097$404,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$2,705.49$2,797.91
2nd payment$0.00$0.00
Taxes / mo$121.76$121.76
Insurance / mo$150.00$150.00
MI / mo$191.38$80.82
HOA / mo$29.00$29.00
Total monthly$3,197.62$3,179.48
Cash to close$35,903$44,900