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$434,921$391,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.950%7.400%
Blended rate7.500%7.640%
1st payment$2,944.31$2,710.67
2nd payment$0.00$0.00
Taxes / mo$674.50$674.50
Insurance / mo$150.00$150.00
MI / mo$203.86$78.30
HOA / mo$117.00$117.00
Total monthly$4,089.68$3,730.47
Cash to close$79$43,500