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$419,626$405,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.690%7.400%
Blended rate7.240%7.640%
1st payment$2,781.00$2,804.14
2nd payment$0.00$0.00
Taxes / mo$357.33$357.33
Insurance / mo$150.00$150.00
MI / mo$197.73$81.00
HOA / mo$0.00$0.00
Total monthly$3,486.06$3,392.47
Cash to close$30,374$45,000