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$383,124$346,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.400%
Blended rate6.370%7.640%
1st payment$2,318.76$2,399.10
2nd payment$0.00$0.00
Taxes / mo$191.33$191.33
Insurance / mo$150.00$150.00
MI / mo$288.63$69.30
HOA / mo$0.00$0.00
Total monthly$2,948.73$2,809.73
Cash to close$1,876$38,500