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$356,200$333,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.900%7.400%
Blended rate7.750%7.640%
1st payment$2,450.82$2,305.62
2nd payment$0.00$0.00
Taxes / mo$352.33$352.33
Insurance / mo$150.00$150.00
MI / mo$263.59$66.60
HOA / mo$108.00$108.00
Total monthly$3,324.74$2,982.56
Cash to close$13,800$37,000