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$438,248$431,099
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.82%7.18%
Blended rate7.37%7.42%
1st payment$2,950.56$2,920.42
2nd payment$0.00$0.00
Taxes / mo$153.58$153.58
Insurance / mo$166.67$166.67
MI / mo$207.01$86.22
HOA / mo$125.00$125.00
Total monthly$3,602.82$3,451.89
Cash to close$40,751$47,900