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$303,486$251,100
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.900%7.400%
Blended rate5.450%7.640%
1st payment$1,685.77$1,738.57
2nd payment$0.00$0.00
Taxes / mo$495.51$495.51
Insurance / mo$150.00$150.00
MI / mo$145.58$50.22
HOA / mo$125.00$125.00
Total monthly$2,601.87$2,559.30
Cash to close$0$27,900