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$398,356$291,960
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.250%7.400%
Blended rate7.100%7.640%
1st payment$2,589.50$2,021.47
2nd payment$0.00$0.00
Taxes / mo$835.75$835.75
Insurance / mo$150.00$150.00
MI / mo$297.90$58.39
HOA / mo$10.75$10.75
Total monthly$3,883.90$3,076.36
Cash to close$0$32,440