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$455,638$441,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.450%7.640%
1st payment$3,081.89$3,053.39
2nd payment$0.00$0.00
Taxes / mo$682.33$682.33
Insurance / mo$166.67$166.67
MI / mo$214.47$88.20
HOA / mo$169.00$169.00
Total monthly$4,314.36$4,159.59
Cash to close$34,362$49,000