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$401,255$377,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,562.38$2,616.57
2nd payment$0.00$0.00
Taxes / mo$140.50$140.50
Insurance / mo$150.00$150.00
MI / mo$185.81$75.58
HOA / mo$15.67$15.67
Total monthly$3,054.36$2,998.32
Cash to close$18,645$41,990