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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$424,962$413,998
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.880%7.320%
Blended rate7.430%7.560%
1st payment$2,871.77$2,843.88
2nd payment$0.00$0.00
Taxes / mo$235.17$235.17
Insurance / mo$166.67$166.67
MI / mo$200.26$82.80
HOA / mo$90.00$90.00
Total monthly$3,563.86$3,418.51
Cash to close$35,036$46,000