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$350,727$256,671
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.220%7.400%
Blended rate6.070%7.640%
1st payment$2,053.44$1,777.14
2nd payment$0.00$0.00
Taxes / mo$660.25$660.25
Insurance / mo$150.00$150.00
MI / mo$264.29$51.33
HOA / mo$23.00$23.00
Total monthly$3,150.98$2,661.72
Cash to close$0$28,519