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$425,802$418,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.66%7.24%
Blended rate7.51%7.48%
1st payment$2,870.99$2,852.07
2nd payment$0.00$0.00
Taxes / mo$415.67$415.67
Insurance / mo$166.67$166.67
MI / mo$316.45$83.70
HOA / mo$0.00$0.00
Total monthly$3,769.77$3,518.10
Cash to close$39,198$46,500