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$420,547$396,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.040%7.400%
Blended rate7.590%7.640%
1st payment$2,853.13$2,741.82
2nd payment$0.00$0.00
Taxes / mo$126.79$126.79
Insurance / mo$150.00$150.00
MI / mo$195.76$79.20
HOA / mo$0.00$0.00
Total monthly$3,325.69$3,097.82
Cash to close$19,453$44,000