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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$427,116$405,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.23%7.18%
Blended rate7.78%7.42%
1st payment$3,008.16$2,743.61
2nd payment$0.00$0.00
Taxes / mo$190.08$190.08
Insurance / mo$150.00$150.00
MI / mo$202.51$81.00
HOA / mo$112.00$112.00
Total monthly$3,662.76$3,276.69
Cash to close$22,884$45,000