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$356,395$337,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.500%7.400%
Blended rate7.050%7.640%
1st payment$2,294.04$2,336.78
2nd payment$0.00$0.00
Taxes / mo$4.58$4.58
Insurance / mo$150.00$150.00
MI / mo$166.35$67.50
HOA / mo$112.00$112.00
Total monthly$2,726.97$2,670.87
Cash to close$18,605$37,500