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$418,046$377,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.77%7.18%
Blended rate7.32%7.42%
1st payment$2,795.12$2,560.09
2nd payment$0.00$0.00
Taxes / mo$190.58$190.58
Insurance / mo$150.00$150.00
MI / mo$197.11$75.58
HOA / mo$241.00$241.00
Total monthly$3,573.82$3,217.26
Cash to close$1,854$41,990