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$410,876$377,999
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.460%7.400%
Blended rate7.010%7.640%
1st payment$2,595.75$2,617.19
2nd payment$0.00$0.00
Taxes / mo$350.00$350.00
Insurance / mo$150.00$150.00
MI / mo$189.01$75.60
HOA / mo$78.00$78.00
Total monthly$3,362.76$3,270.79
Cash to close$9,123$42,000