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$445,049$413,910
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.170%7.400%
Blended rate7.720%7.640%
1st payment$3,083.28$2,865.83
2nd payment$0.00$0.00
Taxes / mo$222.83$222.83
Insurance / mo$166.67$166.67
MI / mo$208.81$82.78
HOA / mo$50.00$50.00
Total monthly$3,731.59$3,388.11
Cash to close$14,851$45,990