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$424,033$346,500
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.790%7.400%
Blended rate8.340%7.640%
1st payment$3,200.28$2,399.10
2nd payment$0.00$0.00
Taxes / mo$179.50$179.50
Insurance / mo$150.00$150.00
MI / mo$200.26$69.30
HOA / mo$70.00$70.00
Total monthly$3,800.04$2,867.90
Cash to close$0$38,500