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$431,272$423,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$2,936.67$2,928.77
2nd payment$0.00$0.00
Taxes / mo$194.17$194.17
Insurance / mo$166.67$166.67
MI / mo$202.51$84.60
HOA / mo$43.33$43.33
Total monthly$3,543.34$3,417.53
Cash to close$38,728$47,000