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$422,144$368,910
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$2,822.79$2,554.26
2nd payment$0.00$0.00
Taxes / mo$341.58$341.58
Insurance / mo$150.00$150.00
MI / mo$201.12$73.78
HOA / mo$0.00$0.00
Total monthly$3,515.49$3,119.62
Cash to close$0$40,990