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$471,481$378,000
Remaining term (yrs)38.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,776.65$2,617.20
2nd payment$0.00$0.00
Taxes / mo$85.83$85.83
Insurance / mo$150.00$150.00
MI / mo$217.37$75.60
HOA / mo$210.00$210.00
Total monthly$3,439.85$3,138.63
Cash to close$0$42,000