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$433,574$400,410
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$2,769.78$2,772.36
2nd payment$0.00$0.00
Taxes / mo$220.67$220.67
Insurance / mo$150.00$150.00
MI / mo$323.41$80.08
HOA / mo$0.00$0.00
Total monthly$3,463.86$3,223.11
Cash to close$11,326$44,490