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$402,569$378,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.400%
Blended rate6.260%7.640%
1st payment$2,406.25$2,617.20
2nd payment$0.00$0.00
Taxes / mo$199.17$199.17
Insurance / mo$150.00$150.00
MI / mo$303.20$75.60
HOA / mo$39.00$39.00
Total monthly$3,097.62$3,080.96
Cash to close$17,431$42,000