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$376,267$283,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.750%7.400%
Blended rate7.300%7.640%
1st payment$2,541.03$1,962.90
2nd payment$0.00$0.00
Taxes / mo$124.67$124.67
Insurance / mo$150.00$150.00
MI / mo$179.56$56.70
HOA / mo$0.00$0.00
Total monthly$2,995.26$2,294.26
Cash to close$0$31,500