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$474,136$360,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.820%7.400%
Blended rate7.370%7.640%
1st payment$3,188.85$2,492.57
2nd payment$0.00$0.00
Taxes / mo$732.75$732.75
Insurance / mo$150.00$150.00
MI / mo$223.73$72.00
HOA / mo$170.33$170.33
Total monthly$4,465.66$3,617.65
Cash to close$0$40,000