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$437,579$379,161
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$2,855.65$2,625.23
2nd payment$0.00$0.00
Taxes / mo$497.21$497.21
Insurance / mo$150.00$150.00
MI / mo$208.59$75.83
HOA / mo$35.42$35.42
Total monthly$3,746.87$3,383.70
Cash to close$0$42,129