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$410,223$277,200
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.52%7.18%
Blended rate6.37%7.42%
1st payment$2,486.38$1,877.85
2nd payment$0.00$0.00
Taxes / mo$109.42$109.42
Insurance / mo$150.00$150.00
MI / mo$309.50$55.44
HOA / mo$91.00$91.00
Total monthly$3,146.29$2,283.71
Cash to close$0$30,800