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$384,763$269,999
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.660%7.400%
Blended rate6.510%7.640%
1st payment$2,354.66$1,869.42
2nd payment$0.00$0.00
Taxes / mo$615.25$615.25
Insurance / mo$150.00$150.00
MI / mo$288.63$54.00
HOA / mo$68.00$68.00
Total monthly$3,476.53$2,756.67
Cash to close$0$30,000