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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$399,150$306,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.02%7.18%
Blended rate6.87%7.42%
1st payment$2,530.90$2,072.95
2nd payment$0.00$0.00
Taxes / mo$90.67$90.67
Insurance / mo$150.00$150.00
MI / mo$298.37$61.20
HOA / mo$33.33$33.33
Total monthly$3,103.27$2,408.15
Cash to close$0$34,000