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$469,903$405,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.860%7.400%
Blended rate7.410%7.640%
1st payment$3,156.55$2,804.14
2nd payment$0.00$0.00
Taxes / mo$131.00$131.00
Insurance / mo$150.00$150.00
MI / mo$220.57$81.00
HOA / mo$149.00$149.00
Total monthly$3,807.12$3,315.14
Cash to close$0$45,000