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$383,574$279,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.670%7.400%
Blended rate5.520%7.640%
1st payment$2,135.95$1,931.74
2nd payment$0.00$0.00
Taxes / mo$101.75$101.75
Insurance / mo$150.00$150.00
MI / mo$292.74$55.80
HOA / mo$73.00$73.00
Total monthly$2,753.44$2,312.29
Cash to close$0$31,000