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$407,175$360,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.000%7.400%
Blended rate5.850%7.640%
1st payment$2,345.58$2,492.57
2nd payment$0.00$0.00
Taxes / mo$333.33$333.33
Insurance / mo$150.00$150.00
MI / mo$309.50$72.00
HOA / mo$360.00$360.00
Total monthly$3,498.41$3,407.90
Cash to close$0$40,000