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$443,509$409,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$2,928.04$2,835.30
2nd payment$0.00$0.00
Taxes / mo$587.08$587.08
Insurance / mo$166.67$166.67
MI / mo$209.26$81.90
HOA / mo$55.00$55.00
Total monthly$3,946.06$3,725.95
Cash to close$11,491$45,500