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$368,593$333,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.550%7.400%
Blended rate6.400%7.640%
1st payment$2,231.09$2,305.62
2nd payment$0.00$0.00
Taxes / mo$310.58$310.58
Insurance / mo$150.00$150.00
MI / mo$276.80$66.60
HOA / mo$375.00$375.00
Total monthly$3,343.47$3,207.81
Cash to close$1,407$37,000