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$417,176$414,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.450%7.640%
1st payment$2,845.28$2,866.45
2nd payment$0.00$0.00
Taxes / mo$370.17$370.17
Insurance / mo$166.67$166.67
MI / mo$198.01$82.80
HOA / mo$330.00$330.00
Total monthly$3,910.13$3,816.09
Cash to close$42,824$46,000