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$453,528$418,140
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.320%
Blended rate7.190%7.560%
1st payment$2,991.01$2,872.33
2nd payment$0.00$0.00
Taxes / mo$520.58$520.58
Insurance / mo$166.67$166.67
MI / mo$213.76$83.63
HOA / mo$41.67$41.67
Total monthly$3,933.70$3,684.88
Cash to close$11,072$46,460