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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$409,539$405,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.39%7.18%
Blended rate6.94%7.42%
1st payment$2,674.94$2,743.61
2nd payment$0.00$0.00
Taxes / mo$235.17$235.17
Insurance / mo$150.00$150.00
MI / mo$196.21$81.00
HOA / mo$85.00$85.00
Total monthly$3,341.31$3,294.78
Cash to close$40,461$45,000