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$433,299$413,910
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,848.22$2,865.83
2nd payment$0.00$0.00
Taxes / mo$383.25$383.25
Insurance / mo$166.67$166.67
MI / mo$202.51$82.78
HOA / mo$0.00$0.00
Total monthly$3,600.65$3,498.53
Cash to close$26,601$45,990