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$438,558$431,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,932.07$2,984.85
2nd payment$0.00$0.00
Taxes / mo$166.83$166.83
Insurance / mo$166.67$166.67
MI / mo$206.56$86.22
HOA / mo$95.00$95.00
Total monthly$3,567.13$3,499.57
Cash to close$40,442$47,900