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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$412,179$378,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.03%7.18%
Blended rate7.58%7.42%
1st payment$2,817.49$2,560.70
2nd payment$0.00$0.00
Taxes / mo$108.75$108.75
Insurance / mo$150.00$150.00
MI / mo$193.51$75.60
HOA / mo$325.00$325.00
Total monthly$3,594.76$3,220.05
Cash to close$7,821$42,000