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$420,407$393,750
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$2,779.43$2,726.25
2nd payment$0.00$0.00
Taxes / mo$369.00$369.00
Insurance / mo$150.00$150.00
MI / mo$200.71$78.75
HOA / mo$75.00$75.00
Total monthly$3,574.13$3,399.00
Cash to close$17,093$43,750