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$443,203$431,910
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.81%7.24%
Blended rate7.66%7.48%
1st payment$3,023.80$2,943.46
2nd payment$0.00$0.00
Taxes / mo$477.08$477.08
Insurance / mo$166.67$166.67
MI / mo$328.21$86.38
HOA / mo$40.00$40.00
Total monthly$4,035.75$3,713.59
Cash to close$36,697$47,990