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$407,789$225,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.940%7.400%
Blended rate6.490%7.640%
1st payment$2,493.00$1,557.85
2nd payment$0.00$0.00
Taxes / mo$143.42$143.42
Insurance / mo$150.00$150.00
MI / mo$191.81$45.00
HOA / mo$71.00$71.00
Total monthly$3,049.23$1,967.27
Cash to close$0$25,000