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$375,060$342,000
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$2,156.18$2,367.94
2nd payment$0.00$0.00
Taxes / mo$316.67$316.67
Insurance / mo$150.00$150.00
MI / mo$285.16$68.40
HOA / mo$495.00$495.00
Total monthly$3,403.00$3,398.01
Cash to close$4,940$38,000