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$444,482$413,100
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.33%7.18%
Blended rate7.18%7.42%
1st payment$2,896.98$2,798.48
2nd payment$0.00$0.00
Taxes / mo$222.75$222.75
Insurance / mo$166.67$166.67
MI / mo$330.48$82.62
HOA / mo$150.00$150.00
Total monthly$3,766.88$3,420.52
Cash to close$14,518$45,900