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$439,041$414,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$2,935.13$2,866.45
2nd payment$0.00$0.00
Taxes / mo$363.75$363.75
Insurance / mo$166.67$166.67
MI / mo$206.56$82.80
HOA / mo$24.00$24.00
Total monthly$3,696.12$3,503.67
Cash to close$20,959$46,000