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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$418,508$400,499
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.42%7.18%
Blended rate6.97%7.42%
1st payment$2,738.19$2,713.12
2nd payment$0.00$0.00
Taxes / mo$121.92$121.92
Insurance / mo$150.00$150.00
MI / mo$200.22$80.10
HOA / mo$149.00$149.00
Total monthly$3,359.32$3,214.14
Cash to close$26,491$44,500