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$390,047$303,210
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.520%7.400%
Blended rate6.370%7.640%
1st payment$2,360.66$2,099.36
2nd payment$0.00$0.00
Taxes / mo$106.58$106.58
Insurance / mo$150.00$150.00
MI / mo$293.85$60.64
HOA / mo$50.00$50.00
Total monthly$2,961.09$2,466.59
Cash to close$0$33,690