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$363,793$319,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.920%7.400%
Blended rate7.470%7.640%
1st payment$2,455.63$2,212.15
2nd payment$0.00$0.00
Taxes / mo$144.58$144.58
Insurance / mo$150.00$150.00
MI / mo$170.55$63.90
HOA / mo$70.00$70.00
Total monthly$2,990.76$2,640.64
Cash to close$0$35,500