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$355,730$297,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.420%7.400%
Blended rate7.270%7.640%
1st payment$2,338.69$2,056.37
2nd payment$0.00$0.00
Taxes / mo$143.75$143.75
Insurance / mo$150.00$150.00
MI / mo$264.28$59.40
HOA / mo$150.00$150.00
Total monthly$3,046.73$2,559.52
Cash to close$0$33,000