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$445,496$418,491
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.36%7.18%
Blended rate6.91%7.42%
1st payment$2,782.74$2,835.00
2nd payment$0.00$0.00
Taxes / mo$1.67$1.67
Insurance / mo$166.67$166.67
MI / mo$204.76$83.70
HOA / mo$107.00$107.00
Total monthly$3,262.84$3,194.04
Cash to close$19,494$46,499