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$357,681$351,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.030%7.400%
Blended rate7.580%7.640%
1st payment$2,457.11$2,430.25
2nd payment$0.00$0.00
Taxes / mo$196.34$196.34
Insurance / mo$150.00$150.00
MI / mo$168.76$70.20
HOA / mo$4.17$4.17
Total monthly$2,976.38$2,850.96
Cash to close$32,319$39,000