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$397,471$342,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.810%7.400%
Blended rate7.360%7.640%
1st payment$2,684.83$2,367.94
2nd payment$0.00$0.00
Taxes / mo$121.83$121.83
Insurance / mo$150.00$150.00
MI / mo$188.56$68.40
HOA / mo$0.00$0.00
Total monthly$3,145.22$2,708.17
Cash to close$0$38,000