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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$385,126$301,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,473.97$2,087.53
2nd payment$0.00$0.00
Taxes / mo$163.75$163.75
Insurance / mo$150.00$150.00
MI / mo$179.40$60.30
HOA / mo$61.00$61.00
Total monthly$3,028.12$2,522.58
Cash to close$0$33,500