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$404,880$404,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.39%7.11%
Blended rate6.94%7.35%
1st payment$2,638.19$2,723.86
2nd payment$0.00$0.00
Taxes / mo$386.33$386.33
Insurance / mo$150.00$150.00
MI / mo$193.51$80.98
HOA / mo$0.00$0.00
Total monthly$3,368.04$3,341.17
Cash to close$45,020$44,990