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$435,150$431,550
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.54%7.24%
Blended rate7.09%7.48%
1st payment$2,880.23$2,941.01
2nd payment$0.00$0.00
Taxes / mo$473.67$473.67
Insurance / mo$166.67$166.67
MI / mo$207.99$86.31
HOA / mo$178.00$178.00
Total monthly$3,906.56$3,845.65
Cash to close$44,350$47,950