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$438,951$432,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.67%7.18%
Blended rate7.22%7.42%
1st payment$2,873.95$2,926.52
2nd payment$0.00$0.00
Taxes / mo$105.75$105.75
Insurance / mo$166.67$166.67
MI / mo$204.76$86.40
HOA / mo$0.00$0.00
Total monthly$3,351.13$3,285.34
Cash to close$41,049$48,000