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$393,046$381,510
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.55%7.18%
Blended rate6.4%7.42%
1st payment$2,382.50$2,584.48
2nd payment$0.00$0.00
Taxes / mo$120.00$120.00
Insurance / mo$150.00$150.00
MI / mo$295.59$76.30
HOA / mo$78.00$78.00
Total monthly$3,026.09$3,008.78
Cash to close$30,854$42,390