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$356,778$360,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.760%7.400%
Blended rate8.310%7.640%
1st payment$2,626.27$2,492.57
2nd payment$0.00$0.00
Taxes / mo$208.58$208.58
Insurance / mo$150.00$150.00
MI / mo$167.86$72.00
HOA / mo$100.00$100.00
Total monthly$3,252.71$3,023.15
Cash to close$43,222$40,000