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$414,582$400,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.020%7.400%
Blended rate6.870%7.640%
1st payment$2,625.29$2,772.98
2nd payment$0.00$0.00
Taxes / mo$370.83$370.83
Insurance / mo$150.00$150.00
MI / mo$309.50$80.10
HOA / mo$0.00$0.00
Total monthly$3,455.62$3,373.91
Cash to close$30,418$44,500