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$418,481$386,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.400%
Blended rate7.320%7.640%
1st payment$2,795.12$2,678.89
2nd payment$0.00$0.00
Taxes / mo$190.58$190.58
Insurance / mo$150.00$150.00
MI / mo$197.11$77.38
HOA / mo$0.00$0.00
Total monthly$3,332.82$3,096.85
Cash to close$11,419$42,990