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$494,512$387,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$3,286.19$2,679.51
2nd payment$0.00$0.00
Taxes / mo$547.83$547.83
Insurance / mo$150.00$150.00
MI / mo$230.80$77.40
HOA / mo$204.00$204.00
Total monthly$4,418.82$3,658.74
Cash to close$0$43,000