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$407,964$405,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$2,748.56$2,804.14
2nd payment$0.00$0.00
Taxes / mo$750.58$750.58
Insurance / mo$150.00$150.00
MI / mo$191.67$81.00
HOA / mo$0.00$0.00
Total monthly$3,840.81$3,785.72
Cash to close$42,036$45,000