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$427,147$404,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.910%7.400%
Blended rate7.460%7.640%
1st payment$2,861.19$2,797.91
2nd payment$0.00$0.00
Taxes / mo$374.17$374.17
Insurance / mo$150.00$150.00
MI / mo$198.91$80.82
HOA / mo$0.00$0.00
Total monthly$3,584.27$3,402.89
Cash to close$21,853$44,900