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$406,531$391,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.400%
Blended rate7.320%7.640%
1st payment$2,701.52$2,710.67
2nd payment$0.00$0.00
Taxes / mo$649.75$649.75
Insurance / mo$150.00$150.00
MI / mo$190.51$78.30
HOA / mo$95.00$95.00
Total monthly$3,786.79$3,683.72
Cash to close$28,469$43,500