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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$380,220$354,600
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.1%7.18%
Blended rate5.95%7.42%
1st payment$2,223.19$2,402.18
2nd payment$0.00$0.00
Taxes / mo$120.58$120.58
Insurance / mo$150.00$150.00
MI / mo$290.04$70.92
HOA / mo$100.00$100.00
Total monthly$2,883.82$2,843.69
Cash to close$13,780$39,400