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$445,739$404,991
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$3,064.51$2,804.08
2nd payment$0.00$0.00
Taxes / mo$246.42$246.42
Insurance / mo$150.00$150.00
MI / mo$209.21$81.00
HOA / mo$110.00$110.00
Total monthly$3,780.14$3,391.49
Cash to close$4,251$44,999