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$397,935$359,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$2,599.97$2,486.34
2nd payment$0.00$0.00
Taxes / mo$569.50$569.50
Insurance / mo$150.00$150.00
MI / mo$189.91$71.82
HOA / mo$164.33$164.33
Total monthly$3,673.71$3,441.99
Cash to close$1,065$39,900