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$405,100$396,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.890%7.400%
Blended rate6.740%7.640%
1st payment$2,536.13$2,741.82
2nd payment$0.00$0.00
Taxes / mo$460.75$460.75
Insurance / mo$150.00$150.00
MI / mo$303.20$79.20
HOA / mo$104.00$104.00
Total monthly$3,554.07$3,535.77
Cash to close$34,900$44,000