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$365,035$292,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.060%7.400%
Blended rate7.610%7.640%
1st payment$2,497.63$2,025.21
2nd payment$0.00$0.00
Taxes / mo$86.58$86.58
Insurance / mo$150.00$150.00
MI / mo$171.03$58.50
HOA / mo$33.00$33.00
Total monthly$2,938.24$2,353.29
Cash to close$0$32,500