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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$452,719$396,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.44%7.18%
Blended rate7.99%7.42%
1st payment$3,235.59$2,682.64
2nd payment$0.00$0.00
Taxes / mo$112.08$112.08
Insurance / mo$150.00$150.00
MI / mo$213.34$79.20
HOA / mo$22.67$22.67
Total monthly$3,733.68$3,046.60
Cash to close$0$44,000