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$436,428$350,100
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.850%7.400%
Blended rate7.400%7.640%
1st payment$2,895.26$2,424.02
2nd payment$0.00$0.00
Taxes / mo$152.67$152.67
Insurance / mo$150.00$150.00
MI / mo$202.51$70.02
HOA / mo$66.67$66.67
Total monthly$3,467.11$2,863.38
Cash to close$0$38,900