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$402,501$359,550
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.030%7.400%
Blended rate7.580%7.640%
1st payment$2,765.01$2,489.45
2nd payment$0.00$0.00
Taxes / mo$490.25$490.25
Insurance / mo$150.00$150.00
MI / mo$189.91$71.91
HOA / mo$72.00$72.00
Total monthly$3,667.17$3,273.61
Cash to close$0$39,950