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$562,986$369,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.940%7.400%
Blended rate7.490%7.640%
1st payment$3,818.88$2,554.88
2nd payment$0.00$0.00
Taxes / mo$341.67$341.67
Insurance / mo$150.00$150.00
MI / mo$264.69$73.80
HOA / mo$25.92$25.92
Total monthly$4,601.15$3,146.27
Cash to close$0$41,000