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$433,868$404,100
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.12%7.24%
Blended rate7.67%7.48%
1st payment$3,018.23$2,753.93
2nd payment$0.00$0.00
Taxes / mo$500.25$500.25
Insurance / mo$150.00$150.00
MI / mo$205.43$80.82
HOA / mo$177.00$177.00
Total monthly$4,050.91$3,662.00
Cash to close$15,132$44,900