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$426,496$395,999
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,842.70$2,741.82
2nd payment$0.00$0.00
Taxes / mo$321.83$321.83
Insurance / mo$150.00$150.00
MI / mo$200.26$79.20
HOA / mo$50.00$50.00
Total monthly$3,564.79$3,342.85
Cash to close$13,503$44,000