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$412,102$404,100
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.400%
Blended rate7.320%7.640%
1st payment$2,744.07$2,797.91
2nd payment$0.00$0.00
Taxes / mo$205.17$205.17
Insurance / mo$150.00$150.00
MI / mo$193.51$80.82
HOA / mo$50.00$50.00
Total monthly$3,342.75$3,283.89
Cash to close$36,898$44,900