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$461,728$423,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.400%
Blended rate6.260%7.640%
1st payment$2,759.86$2,928.77
2nd payment$0.00$0.00
Taxes / mo$350.67$350.67
Insurance / mo$166.67$166.67
MI / mo$347.75$84.60
HOA / mo$29.17$29.17
Total monthly$3,654.12$3,559.87
Cash to close$8,272$47,000