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$438,065$404,100
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.720%7.400%
Blended rate7.270%7.640%
1st payment$2,888.13$2,797.91
2nd payment$0.00$0.00
Taxes / mo$171.00$171.00
Insurance / mo$150.00$150.00
MI / mo$204.72$80.82
HOA / mo$117.00$117.00
Total monthly$3,530.85$3,316.73
Cash to close$10,935$44,900