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$376,504$252,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,482.48$1,744.80
2nd payment$0.00$0.00
Taxes / mo$514.92$514.92
Insurance / mo$150.00$150.00
MI / mo$180.01$50.40
HOA / mo$75.00$75.00
Total monthly$3,402.41$2,535.11
Cash to close$0$28,000