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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$437,630$404,100
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.72%7.18%
Blended rate7.27%7.42%
1st payment$2,888.13$2,737.51
2nd payment$0.00$0.00
Taxes / mo$171.00$171.00
Insurance / mo$150.00$150.00
MI / mo$204.72$80.82
HOA / mo$117.00$117.00
Total monthly$3,530.85$3,256.33
Cash to close$11,370$44,900