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$566,722$278,100
Remaining term (yrs)68.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate9.520%7.400%
Blended rate10.370%7.640%
1st payment$4,502.64$1,925.51
2nd payment$0.00$0.00
Taxes / mo$132.83$132.83
Insurance / mo$150.00$150.00
MI / mo$401.63$55.62
HOA / mo$17.08$17.08
Total monthly$5,204.18$2,281.04
Cash to close$0$30,900