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$408,063$404,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,756.37$2,803.52
2nd payment$0.00$0.00
Taxes / mo$583.08$583.08
Insurance / mo$150.00$150.00
MI / mo$193.59$80.98
HOA / mo$529.33$529.33
Total monthly$4,212.37$4,146.91
Cash to close$41,837$44,990