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$369,383$292,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.400%
Blended rate6.260%7.640%
1st payment$2,207.89$2,025.21
2nd payment$0.00$0.00
Taxes / mo$104.25$104.25
Insurance / mo$150.00$150.00
MI / mo$278.20$58.50
HOA / mo$112.00$112.00
Total monthly$2,852.34$2,449.96
Cash to close$0$32,500