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$421,656$377,999
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.81%7.18%
Blended rate6.66%7.42%
1st payment$2,629.92$2,560.70
2nd payment$0.00$0.00
Taxes / mo$249.00$249.00
Insurance / mo$150.00$150.00
MI / mo$317.14$75.60
HOA / mo$95.00$95.00
Total monthly$3,441.06$3,130.30
Cash to close$0$42,000