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$360,624$229,410
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.170%7.400%
Blended rate5.020%7.640%
1st payment$1,908.98$1,588.39
2nd payment$0.00$0.00
Taxes / mo$387.27$387.27
Insurance / mo$150.00$150.00
MI / mo$277.51$45.88
HOA / mo$0.00$0.00
Total monthly$2,723.76$2,171.54
Cash to close$0$25,490