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$402,649$359,910
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$2,739.08$2,491.94
2nd payment$0.00$0.00
Taxes / mo$104.58$104.58
Insurance / mo$0.00$0.00
MI / mo$188.89$71.98
HOA / mo$99.00$99.00
Total monthly$3,131.56$2,767.51
Cash to close$0$39,990