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$393,759$382,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.640%7.400%
Blended rate7.190%7.640%
1st payment$2,562.79$2,648.35
2nd payment$0.00$0.00
Taxes / mo$31.83$31.83
Insurance / mo$150.00$150.00
MI / mo$183.16$76.50
HOA / mo$69.00$69.00
Total monthly$2,996.79$2,975.69
Cash to close$31,241$42,500