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$459,686$411,300
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.760%7.400%
Blended rate7.310%7.640%
1st payment$3,033.81$2,847.76
2nd payment$0.00$0.00
Taxes / mo$201.50$201.50
Insurance / mo$166.67$166.67
MI / mo$214.17$82.26
HOA / mo$430.00$430.00
Total monthly$4,046.14$3,728.18
Cash to close$0$45,700