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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$403,086$396,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.84%7.18%
Blended rate7.39%7.42%
1st payment$2,689.16$2,682.64
2nd payment$0.00$0.00
Taxes / mo$69.67$69.67
Insurance / mo$150.00$150.00
MI / mo$188.29$79.20
HOA / mo$0.00$0.00
Total monthly$3,097.12$2,981.51
Cash to close$36,914$44,000