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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$418,100$341,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.12%7.18%
Blended rate7.67%7.42%
1st payment$2,908.54$2,316.22
2nd payment$0.00$0.00
Taxes / mo$176.67$176.67
Insurance / mo$150.00$150.00
MI / mo$197.97$68.38
HOA / mo$125.00$125.00
Total monthly$3,558.18$2,836.27
Cash to close$0$37,990