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$415,556$333,000
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$2,483.88$2,305.62
2nd payment$0.00$0.00
Taxes / mo$94.75$94.75
Insurance / mo$150.00$150.00
MI / mo$312.98$66.60
HOA / mo$33.33$33.33
Total monthly$3,074.93$2,650.30
Cash to close$0$37,000