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$393,504$351,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.660%7.400%
Blended rate7.510%7.640%
1st payment$2,650.08$2,430.25
2nd payment$0.00$0.00
Taxes / mo$169.25$169.25
Insurance / mo$150.00$150.00
MI / mo$292.10$70.20
HOA / mo$80.00$80.00
Total monthly$3,341.43$2,899.70
Cash to close$0$39,000