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$410,741$391,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.400%
Blended rate7.320%7.640%
1st payment$2,743.42$2,710.67
2nd payment$0.00$0.00
Taxes / mo$362.50$362.50
Insurance / mo$150.00$150.00
MI / mo$193.47$78.30
HOA / mo$36.25$36.25
Total monthly$3,485.64$3,337.72
Cash to close$24,259$43,500