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$401,879$355,500
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.080%7.400%
Blended rate7.930%7.640%
1st payment$2,811.88$2,461.41
2nd payment$0.00$0.00
Taxes / mo$349.42$349.42
Insurance / mo$150.00$150.00
MI / mo$296.97$71.10
HOA / mo$145.00$145.00
Total monthly$3,753.26$3,176.93
Cash to close$0$39,500