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$429,156$415,800
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$2,891.33$2,878.92
2nd payment$0.00$0.00
Taxes / mo$772.67$772.67
Insurance / mo$166.67$166.67
MI / mo$201.62$83.16
HOA / mo$105.00$105.00
Total monthly$4,137.28$4,006.41
Cash to close$32,844$46,200