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$436,553$404,991
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.17%7.18%
Blended rate7.72%7.42%
1st payment$3,033.14$2,743.55
2nd payment$0.00$0.00
Taxes / mo$140.58$140.58
Insurance / mo$150.00$150.00
MI / mo$205.42$81.00
HOA / mo$90.00$90.00
Total monthly$3,619.15$3,205.13
Cash to close$13,437$44,999