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$437,430$429,300
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.760%7.400%
Blended rate7.310%7.640%
1st payment$2,886.93$2,972.39
2nd payment$0.00$0.00
Taxes / mo$754.75$754.75
Insurance / mo$166.67$166.67
MI / mo$203.80$85.86
HOA / mo$250.00$250.00
Total monthly$4,262.14$4,229.66
Cash to close$39,570$47,700