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$399,770$337,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.12%7.24%
Blended rate5.67%7.48%
1st payment$2,207.33$2,300.06
2nd payment$0.00$0.00
Taxes / mo$283.67$283.67
Insurance / mo$150.00$150.00
MI / mo$185.91$67.50
HOA / mo$0.00$0.00
Total monthly$2,826.91$2,801.22
Cash to close$0$37,500