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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$418,717$414,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.62%7.18%
Blended rate7.17%7.42%
1st payment$2,764.91$2,804.58
2nd payment$0.00$0.00
Taxes / mo$239.08$239.08
Insurance / mo$166.67$166.67
MI / mo$198.01$82.80
HOA / mo$98.33$98.33
Total monthly$3,467.00$3,391.46
Cash to close$41,283$46,000