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$441,667$377,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.490%7.400%
Blended rate7.040%7.640%
1st payment$2,851.82$2,610.96
2nd payment$0.00$0.00
Taxes / mo$61.42$61.42
Insurance / mo$150.00$150.00
MI / mo$207.01$75.42
HOA / mo$103.00$103.00
Total monthly$3,373.24$3,000.80
Cash to close$0$41,900