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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$416,398$323,100
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.96%7.18%
Blended rate7.51%7.42%
1st payment$2,856.20$2,188.79
2nd payment$0.00$0.00
Taxes / mo$134.42$134.42
Insurance / mo$150.00$150.00
MI / mo$197.56$64.62
HOA / mo$41.33$41.33
Total monthly$3,379.51$2,579.16
Cash to close$0$35,900