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$413,759$396,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.95%7.18%
Blended rate7.5%7.42%
1st payment$2,820.71$2,682.64
2nd payment$0.00$0.00
Taxes / mo$167.92$167.92
Insurance / mo$150.00$150.00
MI / mo$195.31$79.20
HOA / mo$155.00$155.00
Total monthly$3,488.93$3,234.76
Cash to close$26,241$44,000