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$401,343$314,999
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,575.57$2,180.99
2nd payment$0.00$0.00
Taxes / mo$363.08$363.08
Insurance / mo$150.00$150.00
MI / mo$186.76$63.00
HOA / mo$32.00$32.00
Total monthly$3,307.42$2,789.07
Cash to close$0$35,000