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$418,282$387,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.190%7.400%
Blended rate7.740%7.640%
1st payment$2,923.16$2,679.51
2nd payment$0.00$0.00
Taxes / mo$726.00$726.00
Insurance / mo$150.00$150.00
MI / mo$197.58$77.40
HOA / mo$192.00$192.00
Total monthly$4,188.73$3,824.91
Cash to close$11,718$43,000