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$451,728$427,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.350%7.400%
Blended rate6.900%7.640%
1st payment$2,840.67$2,959.92
2nd payment$0.00$0.00
Taxes / mo$76.00$76.00
Insurance / mo$166.67$166.67
MI / mo$209.24$85.50
HOA / mo$95.00$95.00
Total monthly$3,387.58$3,383.09
Cash to close$23,272$47,500