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$464,576$216,900
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$3,197.11$1,501.77
2nd payment$0.00$0.00
Taxes / mo$343.55$343.55
Insurance / mo$150.00$150.00
MI / mo$218.27$43.38
HOA / mo$0.00$0.00
Total monthly$3,908.92$2,038.70
Cash to close$0$24,100