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$445,958$427,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$2,972.39$2,959.92
2nd payment$0.00$0.00
Taxes / mo$774.01$774.01
Insurance / mo$166.67$166.67
MI / mo$207.91$85.50
HOA / mo$70.00$70.00
Total monthly$4,190.98$4,056.10
Cash to close$29,042$47,500