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$405,882$389,655
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$2,790.49$2,697.89
2nd payment$0.00$0.00
Taxes / mo$192.33$192.33
Insurance / mo$150.00$150.00
MI / mo$190.51$77.93
HOA / mo$25.00$25.00
Total monthly$3,348.32$3,143.16
Cash to close$27,068$43,295