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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$408,013$314,999
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.2%7.18%
Blended rate6.75%7.42%
1st payment$2,555.85$2,133.91
2nd payment$0.00$0.00
Taxes / mo$96.83$96.83
Insurance / mo$150.00$150.00
MI / mo$191.26$63.00
HOA / mo$0.00$0.00
Total monthly$2,993.94$2,443.75
Cash to close$0$35,000