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$420,939$387,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.15%7.18%
Blended rate6.7%7.42%
1st payment$2,685.89$2,621.67
2nd payment$0.00$0.00
Taxes / mo$119.00$119.00
Insurance / mo$150.00$150.00
MI / mo$202.06$77.40
HOA / mo$104.00$104.00
Total monthly$3,260.95$3,072.07
Cash to close$9,061$43,000