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$411,933$409,499
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.710%7.400%
Blended rate7.260%7.640%
1st payment$2,758.95$2,835.29
2nd payment$0.00$0.00
Taxes / mo$379.17$379.17
Insurance / mo$166.67$166.67
MI / mo$195.76$81.90
HOA / mo$0.00$0.00
Total monthly$3,500.55$3,463.02
Cash to close$43,066$45,500