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$423,680$418,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$2,855.78$2,897.61
2nd payment$0.00$0.00
Taxes / mo$593.50$593.50
Insurance / mo$166.67$166.67
MI / mo$202.22$83.70
HOA / mo$124.00$124.00
Total monthly$3,942.17$3,865.48
Cash to close$41,320$46,500