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$422,533$414,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.400%
Blended rate7.430%7.640%
1st payment$2,852.45$2,866.45
2nd payment$0.00$0.00
Taxes / mo$135.25$135.25
Insurance / mo$166.67$166.67
MI / mo$198.91$82.80
HOA / mo$166.00$166.00
Total monthly$3,519.28$3,417.17
Cash to close$37,467$46,000