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$436,148$391,500
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.510%7.400%
Blended rate7.060%7.640%
1st payment$2,764.63$2,710.67
2nd payment$0.00$0.00
Taxes / mo$219.08$219.08
Insurance / mo$150.00$150.00
MI / mo$200.26$78.30
HOA / mo$35.25$35.25
Total monthly$3,369.22$3,193.30
Cash to close$0$43,500