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$417,888$413,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,822.74$2,865.83
2nd payment$0.00$0.00
Taxes / mo$417.42$417.42
Insurance / mo$166.67$166.67
MI / mo$198.25$82.78
HOA / mo$65.00$65.00
Total monthly$3,670.07$3,597.69
Cash to close$42,012$45,990