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$354,806$314,982
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.700%7.400%
Blended rate7.550%7.640%
1st payment$2,401.34$2,180.87
2nd payment$0.00$0.00
Taxes / mo$191.50$191.50
Insurance / mo$150.00$150.00
MI / mo$263.60$63.00
HOA / mo$108.00$108.00
Total monthly$3,114.44$2,693.37
Cash to close$0$34,998