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$430,939$404,100
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.36%7.24%
Blended rate7.21%7.48%
1st payment$2,813.39$2,753.93
2nd payment$0.00$0.00
Taxes / mo$232.58$232.58
Insurance / mo$150.00$150.00
MI / mo$319.93$80.82
HOA / mo$30.00$30.00
Total monthly$3,545.91$3,247.34
Cash to close$18,061$44,900