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$396,687$355,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.440%7.400%
Blended rate7.990%7.640%
1st payment$2,832.46$2,461.41
2nd payment$0.00$0.00
Taxes / mo$193.08$193.08
Insurance / mo$150.00$150.00
MI / mo$186.76$71.10
HOA / mo$427.00$427.00
Total monthly$3,789.30$3,302.59
Cash to close$0$39,500