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$369,134$315,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.090%7.400%
Blended rate7.640%7.640%
1st payment$2,537.84$2,181.00
2nd payment$0.00$0.00
Taxes / mo$454.22$454.22
Insurance / mo$150.00$150.00
MI / mo$173.26$63.00
HOA / mo$69.67$69.67
Total monthly$3,384.99$2,917.89
Cash to close$0$35,000