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$410,228$386,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$2,611.87$2,678.89
2nd payment$0.00$0.00
Taxes / mo$148.96$148.96
Insurance / mo$150.00$150.00
MI / mo$192.39$77.38
HOA / mo$0.00$0.00
Total monthly$3,103.22$3,055.23
Cash to close$19,672$42,990