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$420,846$413,999
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$2,810.76$2,866.45
2nd payment$0.00$0.00
Taxes / mo$222.17$222.17
Insurance / mo$166.67$166.67
MI / mo$198.01$82.80
HOA / mo$10.42$10.42
Total monthly$3,408.03$3,348.50
Cash to close$39,153$46,000