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$419,169$414,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.620%7.400%
Blended rate7.170%7.640%
1st payment$2,764.91$2,866.45
2nd payment$0.00$0.00
Taxes / mo$239.08$239.08
Insurance / mo$166.67$166.67
MI / mo$198.01$82.80
HOA / mo$98.33$98.33
Total monthly$3,467.00$3,453.33
Cash to close$40,831$46,000