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$400,288$386,010
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.760%7.400%
Blended rate7.310%7.640%
1st payment$2,639.26$2,672.66
2nd payment$0.00$0.00
Taxes / mo$8.33$8.33
Insurance / mo$150.00$150.00
MI / mo$186.31$77.20
HOA / mo$119.00$119.00
Total monthly$3,102.91$3,027.19
Cash to close$28,612$42,890