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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$417,804$355,500
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.48%7.18%
Blended rate7.03%7.42%
1st payment$2,756.01$2,408.28
2nd payment$0.00$0.00
Taxes / mo$112.42$112.42
Insurance / mo$150.00$150.00
MI / mo$200.26$71.10
HOA / mo$110.00$110.00
Total monthly$3,328.69$2,851.80
Cash to close$0$39,500