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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$420,238$364,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.22%7.18%
Blended rate6.07%7.42%
1st payment$2,464.12$2,469.25
2nd payment$0.00$0.00
Taxes / mo$162.25$162.25
Insurance / mo$150.00$150.00
MI / mo$317.15$72.90
HOA / mo$99.00$99.00
Total monthly$3,192.52$2,953.40
Cash to close$0$40,500