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$428,714$360,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.180%7.400%
Blended rate7.730%7.640%
1st payment$2,993.24$2,492.57
2nd payment$0.00$0.00
Taxes / mo$506.67$506.67
Insurance / mo$150.00$150.00
MI / mo$202.51$72.00
HOA / mo$50.75$50.75
Total monthly$3,903.17$3,271.98
Cash to close$0$40,000