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$410,768$389,700
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$2,762.32$2,698.20
2nd payment$0.00$0.00
Taxes / mo$316.42$316.42
Insurance / mo$150.00$150.00
MI / mo$191.26$77.94
HOA / mo$142.00$142.00
Total monthly$3,562.00$3,384.56
Cash to close$22,232$43,300