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$39,780,077$284,391
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$252,827.21$1,969.07
2nd payment$0.00$0.00
Taxes / mo$191.83$191.83
Insurance / mo$150.00$150.00
MI / mo$18,333.33$56.88
HOA / mo$170.00$170.00
Total monthly$271,672.38$2,537.78
Cash to close$0$31,599