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$435,691$409,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,912.90$2,835.30
2nd payment$0.00$0.00
Taxes / mo$339.83$339.83
Insurance / mo$166.67$166.67
MI / mo$205.21$81.90
HOA / mo$335.00$335.00
Total monthly$3,959.61$3,758.70
Cash to close$19,309$45,500