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$407,906$341,550
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.330%7.400%
Blended rate7.180%7.640%
1st payment$2,652.05$2,364.82
2nd payment$0.00$0.00
Taxes / mo$370.17$370.17
Insurance / mo$150.00$150.00
MI / mo$195.76$68.31
HOA / mo$335.00$335.00
Total monthly$3,702.98$3,288.30
Cash to close$0$37,950