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$400,007$279,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$2,555.35$1,931.74
2nd payment$0.00$0.00
Taxes / mo$91.25$91.25
Insurance / mo$150.00$150.00
MI / mo$298.37$55.80
HOA / mo$33.33$33.33
Total monthly$3,128.30$2,262.12
Cash to close$0$31,000