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$458,744$395,100
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.180%7.400%
Blended rate7.730%7.640%
1st payment$3,209.33$2,735.59
2nd payment$0.00$0.00
Taxes / mo$249.50$249.50
Insurance / mo$150.00$150.00
MI / mo$217.13$79.02
HOA / mo$108.00$108.00
Total monthly$3,933.97$3,322.11
Cash to close$0$43,900