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$422,282$404,100
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$2,842.13$2,797.91
2nd payment$0.00$0.00
Taxes / mo$384.75$384.75
Insurance / mo$150.00$150.00
MI / mo$197.99$80.82
HOA / mo$59.00$59.00
Total monthly$3,633.87$3,472.48
Cash to close$26,718$44,900