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$377,224$351,000
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.800%7.400%
Blended rate8.350%7.640%
1st payment$2,791.91$2,430.25
2nd payment$0.00$0.00
Taxes / mo$217.33$217.33
Insurance / mo$150.00$150.00
MI / mo$177.76$70.20
HOA / mo$108.00$108.00
Total monthly$3,445.00$2,975.79
Cash to close$12,776$39,000