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$417,758$396,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.340%7.400%
Blended rate6.890%7.640%
1st payment$2,705.66$2,741.82
2nd payment$0.00$0.00
Taxes / mo$525.08$525.08
Insurance / mo$150.00$150.00
MI / mo$199.51$79.20
HOA / mo$65.00$65.00
Total monthly$3,645.25$3,561.11
Cash to close$22,242$44,000