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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$375,501$292,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.66%7.18%
Blended rate6.51%7.42%
1st payment$2,297.97$1,981.50
2nd payment$0.00$0.00
Taxes / mo$133.75$133.75
Insurance / mo$150.00$150.00
MI / mo$281.68$58.50
HOA / mo$62.00$62.00
Total monthly$2,925.40$2,385.75
Cash to close$0$32,500