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$445,752$405,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.270%7.400%
Blended rate6.820%7.640%
1st payment$2,877.75$2,804.14
2nd payment$0.00$0.00
Taxes / mo$198.75$198.75
Insurance / mo$150.00$150.00
MI / mo$213.76$81.00
HOA / mo$430.00$430.00
Total monthly$3,870.26$3,663.89
Cash to close$4,248$45,000