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$408,359$386,820
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.784%7.400%
Blended rate6.634%7.640%
1st payment$2,529.97$2,678.26
2nd payment$0.00$0.00
Taxes / mo$105.58$105.58
Insurance / mo$0.00$0.00
MI / mo$305.95$77.36
HOA / mo$79.33$79.33
Total monthly$3,020.83$2,940.54
Cash to close$21,441$42,980