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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$414,223$400,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.87%7.18%
Blended rate7.42%7.42%
1st payment$2,785.23$2,713.13
2nd payment$0.00$0.00
Taxes / mo$109.08$109.08
Insurance / mo$150.00$150.00
MI / mo$194.42$80.10
HOA / mo$50.00$50.00
Total monthly$3,288.73$3,102.31
Cash to close$30,777$44,500