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$432,746$395,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.020%7.400%
Blended rate7.570%7.640%
1st payment$2,958.13$2,741.20
2nd payment$0.00$0.00
Taxes / mo$365.67$365.67
Insurance / mo$150.00$150.00
MI / mo$203.38$79.18
HOA / mo$146.67$146.67
Total monthly$3,823.84$3,482.72
Cash to close$7,154$43,990