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$550,611$288,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.620%7.400%
Blended rate6.470%7.640%
1st payment$3,365.74$1,994.05
2nd payment$0.00$0.00
Taxes / mo$99.25$99.25
Insurance / mo$150.00$150.00
MI / mo$414.38$57.60
HOA / mo$84.00$84.00
Total monthly$4,113.37$2,384.90
Cash to close$0$32,000