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$437,411$418,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.390%7.400%
Blended rate6.940%7.640%
1st payment$2,846.79$2,897.61
2nd payment$0.00$0.00
Taxes / mo$604.50$604.50
Insurance / mo$166.67$166.67
MI / mo$208.81$83.70
HOA / mo$0.00$0.00
Total monthly$3,826.77$3,752.48
Cash to close$27,589$46,500