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$413,225$359,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.220%7.400%
Blended rate6.770%7.640%
1st payment$2,561.26$2,491.94
2nd payment$0.00$0.00
Taxes / mo$148.17$148.17
Insurance / mo$150.00$150.00
MI / mo$191.26$71.98
HOA / mo$0.00$0.00
Total monthly$3,050.69$2,862.09
Cash to close$0$39,990