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$411,238$377,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.79%7.18%
Blended rate7.34%7.42%
1st payment$2,781.59$2,554.61
2nd payment$0.00$0.00
Taxes / mo$119.42$119.42
Insurance / mo$150.00$150.00
MI / mo$195.76$75.42
HOA / mo$115.00$115.00
Total monthly$3,361.77$3,014.44
Cash to close$7,762$41,900