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$425,762$398,700
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.06%7.11%
Blended rate6.61%7.35%
1st payment$2,587.20$2,682.08
2nd payment$0.00$0.00
Taxes / mo$314.50$314.50
Insurance / mo$150.00$150.00
MI / mo$196.52$79.74
HOA / mo$0.00$0.00
Total monthly$3,248.22$3,226.32
Cash to close$17,238$44,300