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$365,913$293,400
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.980%7.400%
Blended rate5.830%7.640%
1st payment$2,103.60$2,031.44
2nd payment$0.00$0.00
Taxes / mo$125.58$125.58
Insurance / mo$150.00$150.00
MI / mo$278.20$58.68
HOA / mo$250.00$250.00
Total monthly$2,907.38$2,615.71
Cash to close$0$32,600