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$414,926$377,999
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$2,650.65$2,617.19
2nd payment$0.00$0.00
Taxes / mo$170.55$170.55
Insurance / mo$150.00$150.00
MI / mo$309.50$75.60
HOA / mo$0.00$0.00
Total monthly$3,280.70$3,013.34
Cash to close$5,073$42,000