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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$412,420$404,910
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.9%7.18%
Blended rate7.45%7.42%
1st payment$2,812.85$2,743.00
2nd payment$0.00$0.00
Taxes / mo$235.08$235.08
Insurance / mo$150.00$150.00
MI / mo$195.75$80.98
HOA / mo$91.00$91.00
Total monthly$3,484.68$3,300.07
Cash to close$37,480$44,990