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$404,819$405,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.2%7.18%
Blended rate7.75%7.42%
1st payment$2,831.73$2,743.61
2nd payment$0.00$0.00
Taxes / mo$631.50$631.50
Insurance / mo$150.00$150.00
MI / mo$191.21$81.00
HOA / mo$0.00$0.00
Total monthly$3,804.44$3,606.11
Cash to close$45,181$45,000