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$404,664$373,410
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$2,618.88$2,585.42
2nd payment$0.00$0.00
Taxes / mo$721.67$721.67
Insurance / mo$150.00$150.00
MI / mo$193.51$74.68
HOA / mo$10.83$10.83
Total monthly$3,694.89$3,542.59
Cash to close$10,236$41,490