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$467,564$404,100
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.29%7.24%
Blended rate7.84%7.48%
1st payment$3,295.18$2,753.93
2nd payment$0.00$0.00
Taxes / mo$133.00$133.00
Insurance / mo$150.00$150.00
MI / mo$220.52$80.82
HOA / mo$0.00$0.00
Total monthly$3,798.69$3,117.75
Cash to close$0$44,900