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$433,383$415,800
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.630%7.400%
Blended rate7.180%7.640%
1st payment$2,817.86$2,878.92
2nd payment$0.00$0.00
Taxes / mo$185.42$185.42
Insurance / mo$166.67$166.67
MI / mo$201.60$83.16
HOA / mo$85.00$85.00
Total monthly$3,456.54$3,399.16
Cash to close$28,617$46,200