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$409,311$404,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.740%7.400%
Blended rate7.290%7.640%
1st payment$2,723.08$2,803.52
2nd payment$0.00$0.00
Taxes / mo$326.92$326.92
Insurance / mo$150.00$150.00
MI / mo$192.62$80.98
HOA / mo$92.00$92.00
Total monthly$3,484.62$3,453.41
Cash to close$40,589$44,990