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$401,108$391,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.190%7.400%
Blended rate7.740%7.640%
1st payment$2,803.14$2,710.67
2nd payment$0.00$0.00
Taxes / mo$233.42$233.42
Insurance / mo$150.00$150.00
MI / mo$189.46$78.30
HOA / mo$0.00$0.00
Total monthly$3,376.02$3,172.38
Cash to close$33,892$43,500