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$411,600$404,999
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$2,791.99$2,804.13
2nd payment$0.00$0.00
Taxes / mo$88.92$88.92
Insurance / mo$150.00$150.00
MI / mo$193.51$81.00
HOA / mo$45.00$45.00
Total monthly$3,269.42$3,169.05
Cash to close$38,399$45,000