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$390,295$292,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.730%7.400%
Blended rate7.280%7.640%
1st payment$2,627.80$2,025.21
2nd payment$0.00$0.00
Taxes / mo$381.00$381.00
Insurance / mo$150.00$150.00
MI / mo$186.08$58.50
HOA / mo$108.33$108.33
Total monthly$3,453.20$2,723.04
Cash to close$0$32,500