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$453,805$409,410
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$3,013.53$2,834.67
2nd payment$0.00$0.00
Taxes / mo$81.25$81.25
Insurance / mo$166.67$166.67
MI / mo$210.57$81.88
HOA / mo$53.00$53.00
Total monthly$3,525.02$3,217.47
Cash to close$1,095$45,490