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$397,931$337,500
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$2,287.66$2,336.78
2nd payment$0.00$0.00
Taxes / mo$365.17$365.17
Insurance / mo$150.00$150.00
MI / mo$302.54$67.50
HOA / mo$65.00$65.00
Total monthly$3,170.37$2,984.45
Cash to close$0$37,500