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$412,435$408,600
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.450%7.640%
1st payment$2,812.95$2,829.06
2nd payment$0.00$0.00
Taxes / mo$201.25$201.25
Insurance / mo$166.67$166.67
MI / mo$195.76$81.72
HOA / mo$85.00$85.00
Total monthly$3,461.62$3,363.70
Cash to close$41,565$45,400