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$435,386$324,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$2,871.36$2,243.31
2nd payment$0.00$0.00
Taxes / mo$409.08$409.08
Insurance / mo$150.00$150.00
MI / mo$205.21$64.80
HOA / mo$133.33$133.33
Total monthly$3,768.99$3,000.52
Cash to close$0$36,000