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$442,531$427,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$2,918.73$2,959.92
2nd payment$0.00$0.00
Taxes / mo$556.23$556.23
Insurance / mo$166.67$166.67
MI / mo$208.81$85.50
HOA / mo$0.00$0.00
Total monthly$3,850.45$3,768.32
Cash to close$32,469$47,500