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$413,478$355,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.090%7.400%
Blended rate5.940%7.640%
1st payment$2,396.30$2,461.41
2nd payment$0.00$0.00
Taxes / mo$329.17$329.17
Insurance / mo$150.00$150.00
MI / mo$312.98$71.10
HOA / mo$595.00$595.00
Total monthly$3,783.45$3,606.68
Cash to close$0$39,500