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$441,775$298,800
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.320%7.400%
Blended rate6.870%7.640%
1st payment$2,862.50$2,068.83
2nd payment$0.00$0.00
Taxes / mo$627.33$627.33
Insurance / mo$150.00$150.00
MI / mo$211.51$59.76
HOA / mo$0.00$0.00
Total monthly$3,851.34$2,905.92
Cash to close$0$33,200