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$417,739$414,900
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.09%7.18%
Blended rate7.64%7.42%
1st payment$2,903.82$2,810.68
2nd payment$0.00$0.00
Taxes / mo$177.42$177.42
Insurance / mo$166.67$166.67
MI / mo$198.24$82.98
HOA / mo$90.00$90.00
Total monthly$3,536.14$3,327.74
Cash to close$43,261$46,100