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$404,021$396,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.790%7.640%
1st payment$2,793.40$2,741.82
2nd payment$0.00$0.00
Taxes / mo$480.37$480.37
Insurance / mo$150.00$150.00
MI / mo$299.22$79.20
HOA / mo$108.00$108.00
Total monthly$3,830.99$3,559.39
Cash to close$35,979$44,000