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$410,125$386,100
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,606.60$2,673.28
2nd payment$0.00$0.00
Taxes / mo$357.50$357.50
Insurance / mo$150.00$150.00
MI / mo$189.01$77.22
HOA / mo$0.00$0.00
Total monthly$3,303.11$3,258.00
Cash to close$18,875$42,900