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$457,739$440,100
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$3,080.77$3,047.16
2nd payment$0.00$0.00
Taxes / mo$510.25$510.25
Insurance / mo$166.67$166.67
MI / mo$214.62$88.02
HOA / mo$115.00$115.00
Total monthly$4,087.30$3,927.10
Cash to close$31,261$48,900