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$424,835$404,100
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$2,772.48$2,797.91
2nd payment$0.00$0.00
Taxes / mo$243.25$243.25
Insurance / mo$150.00$150.00
MI / mo$202.51$80.82
HOA / mo$41.67$41.67
Total monthly$3,409.91$3,313.65
Cash to close$24,165$44,900