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$430,238$359,100
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.810%7.400%
Blended rate6.660%7.640%
1st payment$2,679.73$2,486.34
2nd payment$0.00$0.00
Taxes / mo$199.83$199.83
Insurance / mo$150.00$150.00
MI / mo$323.15$71.82
HOA / mo$130.00$130.00
Total monthly$3,482.71$3,037.99
Cash to close$0$39,900