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$406,323$391,410
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$2,732.58$2,710.04
2nd payment$0.00$0.00
Taxes / mo$110.09$110.09
Insurance / mo$150.00$150.00
MI / mo$189.01$78.28
HOA / mo$0.00$0.00
Total monthly$3,181.68$3,048.41
Cash to close$28,577$43,490