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$399,407$300,600
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.890%7.400%
Blended rate7.440%7.640%
1st payment$2,688.17$2,081.29
2nd payment$0.00$0.00
Taxes / mo$456.50$456.50
Insurance / mo$150.00$150.00
MI / mo$187.27$60.12
HOA / mo$107.67$107.67
Total monthly$3,589.60$2,855.58
Cash to close$0$33,400