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$434,852$427,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.89%7.18%
Blended rate7.44%7.42%
1st payment$2,907.06$2,896.03
2nd payment$0.00$0.00
Taxes / mo$84.75$84.75
Insurance / mo$166.67$166.67
MI / mo$202.51$85.50
HOA / mo$0.00$0.00
Total monthly$3,360.99$3,232.95
Cash to close$40,148$47,500