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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$418,104$305,100
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.11%7.18%
Blended rate6.96%7.42%
1st payment$2,674.42$2,066.85
2nd payment$0.00$0.00
Taxes / mo$186.42$186.42
Insurance / mo$150.00$150.00
MI / mo$312.27$61.02
HOA / mo$82.00$82.00
Total monthly$3,405.11$2,546.29
Cash to close$0$33,900