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$400,974$386,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$2,654.14$2,678.89
2nd payment$0.00$0.00
Taxes / mo$423.42$423.42
Insurance / mo$150.00$150.00
MI / mo$187.94$77.38
HOA / mo$246.33$246.33
Total monthly$3,661.83$3,576.02
Cash to close$28,926$42,990