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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$392,708$360,000
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$2,380.22$2,438.77
2nd payment$0.00$0.00
Taxes / mo$77.92$77.92
Insurance / mo$150.00$150.00
MI / mo$296.28$72.00
HOA / mo$52.00$52.00
Total monthly$2,956.42$2,790.68
Cash to close$7,292$40,000