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$447,292$432,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$2,960.73$2,991.08
2nd payment$0.00$0.00
Taxes / mo$497.67$497.67
Insurance / mo$166.67$166.67
MI / mo$209.65$86.40
HOA / mo$50.00$50.00
Total monthly$3,884.72$3,791.81
Cash to close$32,708$48,000