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$442,691$283,500
Remaining term (yrs)78.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.550%7.400%
Blended rate6.400%7.640%
1st payment$2,074.94$1,962.90
2nd payment$0.00$0.00
Taxes / mo$269.00$269.00
Insurance / mo$150.00$150.00
MI / mo$314.39$56.70
HOA / mo$242.00$242.00
Total monthly$3,050.34$2,680.60
Cash to close$0$31,500