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$390,835$315,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.300%7.400%
Blended rate6.150%7.640%
1st payment$2,317.30$2,181.00
2nd payment$0.00$0.00
Taxes / mo$408.92$408.92
Insurance / mo$150.00$150.00
MI / mo$295.59$63.00
HOA / mo$420.00$420.00
Total monthly$3,591.81$3,222.92
Cash to close$0$35,000