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$400,486$385,200
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.190%7.400%
Blended rate7.740%7.640%
1st payment$2,804.40$2,667.05
2nd payment$0.00$0.00
Taxes / mo$356.67$356.67
Insurance / mo$150.00$150.00
MI / mo$189.55$77.04
HOA / mo$0.00$0.00
Total monthly$3,500.61$3,250.75
Cash to close$27,514$42,800