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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$424,865$423,000
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.76%7.18%
Blended rate7.31%7.42%
1st payment$2,798.63$2,865.55
2nd payment$0.00$0.00
Taxes / mo$115.67$115.67
Insurance / mo$166.67$166.67
MI / mo$197.56$84.60
HOA / mo$95.00$95.00
Total monthly$3,373.53$3,327.48
Cash to close$45,135$47,000