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$445,472$391,388
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.320%
Blended rate7.190%7.560%
1st payment$2,896.56$2,688.56
2nd payment$0.00$0.00
Taxes / mo$215.92$215.92
Insurance / mo$150.00$150.00
MI / mo$207.01$78.28
HOA / mo$45.00$45.00
Total monthly$3,514.49$3,177.75
Cash to close$0$43,488