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$450,594$431,010
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$3,043.66$2,984.23
2nd payment$0.00$0.00
Taxes / mo$282.17$282.17
Insurance / mo$166.67$166.67
MI / mo$213.76$86.20
HOA / mo$132.00$132.00
Total monthly$3,838.26$3,651.26
Cash to close$28,306$47,890