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$422,436$413,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.770%7.400%
Blended rate7.320%7.640%
1st payment$2,807.22$2,860.22
2nd payment$0.00$0.00
Taxes / mo$205.17$205.17
Insurance / mo$166.67$166.67
MI / mo$197.97$82.62
HOA / mo$0.00$0.00
Total monthly$3,377.02$3,314.67
Cash to close$36,564$45,900