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$408,722$360,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.610%7.400%
Blended rate7.160%7.640%
1st payment$2,699.21$2,492.57
2nd payment$0.00$0.00
Taxes / mo$143.25$143.25
Insurance / mo$150.00$150.00
MI / mo$193.51$72.00
HOA / mo$114.00$114.00
Total monthly$3,299.97$2,971.82
Cash to close$0$40,000