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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$445,472$404,888
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$2,896.56$2,803.36
2nd payment$0.00$0.00
Taxes / mo$215.92$215.92
Insurance / mo$150.00$150.00
MI / mo$207.01$80.98
HOA / mo$45.00$45.00
Total monthly$3,514.49$3,295.25
Cash to close$4,403$44,988