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$428,201$395,955
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.09%7.24%
Blended rate6.64%7.48%
1st payment$2,655.33$2,698.43
2nd payment$0.00$0.00
Taxes / mo$181.17$181.17
Insurance / mo$150.00$150.00
MI / mo$201.05$79.19
HOA / mo$0.00$0.00
Total monthly$3,187.54$3,108.78
Cash to close$11,749$43,995