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$418,646$308,250
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.110%7.400%
Blended rate6.960%7.640%
1st payment$2,674.42$2,134.26
2nd payment$0.00$0.00
Taxes / mo$186.42$186.42
Insurance / mo$150.00$150.00
MI / mo$312.27$61.65
HOA / mo$82.00$82.00
Total monthly$3,405.11$2,614.33
Cash to close$0$34,250