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$391,079$382,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,575.57$2,648.35
2nd payment$0.00$0.00
Taxes / mo$164.33$164.33
Insurance / mo$150.00$150.00
MI / mo$186.76$76.50
HOA / mo$0.00$0.00
Total monthly$3,076.67$3,039.19
Cash to close$33,921$42,500