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$410,085$391,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.670%7.400%
Blended rate7.220%7.640%
1st payment$2,677.09$2,710.67
2nd payment$0.00$0.00
Taxes / mo$206.67$206.67
Insurance / mo$150.00$150.00
MI / mo$190.74$78.30
HOA / mo$476.00$476.00
Total monthly$3,700.50$3,621.63
Cash to close$24,915$43,500