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$411,690$396,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.790%7.400%
Blended rate7.340%7.640%
1st payment$2,781.59$2,741.82
2nd payment$0.00$0.00
Taxes / mo$119.42$119.42
Insurance / mo$150.00$150.00
MI / mo$195.76$79.20
HOA / mo$115.00$115.00
Total monthly$3,361.77$3,205.44
Cash to close$28,310$44,000