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$413,199$391,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.540%7.400%
Blended rate7.090%7.640%
1st payment$2,731.77$2,710.67
2nd payment$0.00$0.00
Taxes / mo$154.58$154.58
Insurance / mo$150.00$150.00
MI / mo$197.27$78.30
HOA / mo$432.00$432.00
Total monthly$3,665.62$3,525.55
Cash to close$21,801$43,500