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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$451,471$440,010
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.99%7.18%
Blended rate7.54%7.42%
1st payment$3,077.24$2,980.78
2nd payment$0.00$0.00
Taxes / mo$156.92$156.92
Insurance / mo$166.67$166.67
MI / mo$212.21$88.00
HOA / mo$111.00$111.00
Total monthly$3,724.03$3,503.37
Cash to close$37,429$48,890