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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$424,353$405,000
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.81%7.18%
Blended rate7.36%7.42%
1st payment$2,806.57$2,743.61
2nd payment$0.00$0.00
Taxes / mo$260.50$260.50
Insurance / mo$150.00$150.00
MI / mo$197.11$81.00
HOA / mo$85.00$85.00
Total monthly$3,499.19$3,320.11
Cash to close$25,647$45,000