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$415,686$362,700
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.450%7.640%
1st payment$2,811.66$2,511.26
2nd payment$0.00$0.00
Taxes / mo$537.42$537.42
Insurance / mo$150.00$150.00
MI / mo$195.67$72.54
HOA / mo$130.00$130.00
Total monthly$3,824.74$3,401.22
Cash to close$0$40,300