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$424,334$252,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.620%7.400%
Blended rate8.170%7.640%
1st payment$3,080.87$1,744.80
2nd payment$0.00$0.00
Taxes / mo$530.32$530.32
Insurance / mo$150.00$150.00
MI / mo$199.60$50.40
HOA / mo$0.00$0.00
Total monthly$3,960.80$2,475.52
Cash to close$0$28,000