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$450,343$337,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.990%7.400%
Blended rate7.540%7.640%
1st payment$3,066.53$2,336.78
2nd payment$0.00$0.00
Taxes / mo$539.50$539.50
Insurance / mo$150.00$150.00
MI / mo$211.47$67.50
HOA / mo$52.50$52.50
Total monthly$4,020.00$3,146.28
Cash to close$0$37,500