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$398,473$391,500
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.310%7.400%
Blended rate7.160%7.640%
1st payment$2,585.71$2,710.67
2nd payment$0.00$0.00
Taxes / mo$208.67$208.67
Insurance / mo$150.00$150.00
MI / mo$295.59$78.30
HOA / mo$65.00$65.00
Total monthly$3,304.96$3,212.63
Cash to close$36,527$43,500