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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$464,113$387,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.88%7.18%
Blended rate7.43%7.42%
1st payment$3,129.98$2,621.67
2nd payment$0.00$0.00
Taxes / mo$188.25$188.25
Insurance / mo$150.00$150.00
MI / mo$218.27$77.40
HOA / mo$93.00$93.00
Total monthly$3,779.50$3,130.32
Cash to close$0$43,000