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$388,690$287,910
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$2,234.54$1,993.43
2nd payment$0.00$0.00
Taxes / mo$266.58$266.58
Insurance / mo$150.00$150.00
MI / mo$295.52$57.58
HOA / mo$582.00$582.00
Total monthly$3,528.64$3,049.60
Cash to close$0$31,990