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$428,341$400,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.600%7.400%
Blended rate7.150%7.640%
1st payment$2,790.55$2,772.98
2nd payment$0.00$0.00
Taxes / mo$346.62$346.62
Insurance / mo$150.00$150.00
MI / mo$200.26$80.10
HOA / mo$55.00$55.00
Total monthly$3,542.44$3,404.71
Cash to close$16,659$44,500