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$378,538$169,200
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.560%7.400%
Blended rate5.410%7.640%
1st payment$2,066.54$1,171.51
2nd payment$0.00$0.00
Taxes / mo$33.00$33.00
Insurance / mo$150.00$150.00
MI / mo$286.88$33.84
HOA / mo$0.00$0.00
Total monthly$2,536.41$1,388.35
Cash to close$0$18,800