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$399,557$378,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.960%7.400%
Blended rate7.510%7.640%
1st payment$2,734.94$2,617.20
2nd payment$0.00$0.00
Taxes / mo$434.00$434.00
Insurance / mo$150.00$150.00
MI / mo$189.18$75.60
HOA / mo$244.00$244.00
Total monthly$3,752.12$3,520.80
Cash to close$20,443$42,000