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$404,846$387,000
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,682.61$2,679.51
2nd payment$0.00$0.00
Taxes / mo$156.50$156.50
Insurance / mo$150.00$150.00
MI / mo$188.41$77.40
HOA / mo$0.00$0.00
Total monthly$3,177.51$3,063.41
Cash to close$25,154$43,000