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$434,165$430,200
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,932.68$2,978.62
2nd payment$0.00$0.00
Taxes / mo$367.83$367.83
Insurance / mo$166.67$166.67
MI / mo$205.97$86.04
HOA / mo$75.00$75.00
Total monthly$3,748.15$3,674.16
Cash to close$43,835$47,800