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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$400,288$371,700
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.91%7.18%
Blended rate7.46%7.42%
1st payment$2,686.34$2,518.03
2nd payment$0.00$0.00
Taxes / mo$13.50$13.50
Insurance / mo$150.00$150.00
MI / mo$186.76$74.34
HOA / mo$120.00$120.00
Total monthly$3,156.60$2,875.87
Cash to close$12,712$41,300