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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$412,751$378,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.9%7.18%
Blended rate7.75%7.42%
1st payment$2,843.13$2,560.70
2nd payment$0.00$0.00
Taxes / mo$7.42$7.42
Insurance / mo$150.00$150.00
MI / mo$305.78$75.60
HOA / mo$222.00$222.00
Total monthly$3,528.33$3,015.72
Cash to close$7,249$42,000