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$464,579$432,000
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$3,129.98$2,991.08
2nd payment$0.00$0.00
Taxes / mo$755.83$755.83
Insurance / mo$166.67$166.67
MI / mo$218.27$86.40
HOA / mo$0.00$0.00
Total monthly$4,270.75$3,999.98
Cash to close$15,421$48,000