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$456,161$418,365
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$2,983.90$2,896.67
2nd payment$0.00$0.00
Taxes / mo$182.58$182.58
Insurance / mo$166.67$166.67
MI / mo$217.96$83.67
HOA / mo$132.00$132.00
Total monthly$3,683.11$3,461.60
Cash to close$8,689$46,485