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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$416,111$395,100
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.71%7.18%
Blended rate7.26%7.42%
1st payment$2,790.02$2,676.55
2nd payment$0.00$0.00
Taxes / mo$103.50$103.50
Insurance / mo$150.00$150.00
MI / mo$197.97$79.02
HOA / mo$0.00$0.00
Total monthly$3,241.49$3,009.07
Cash to close$22,889$43,900