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$436,728$436,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$2,992.50$3,022.24
2nd payment$0.00$0.00
Taxes / mo$363.67$363.67
Insurance / mo$166.67$166.67
MI / mo$206.99$87.30
HOA / mo$73.00$73.00
Total monthly$3,802.83$3,712.87
Cash to close$48,272$48,500