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$362,946$306,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.430%7.400%
Blended rate6.980%7.640%
1st payment$2,365.84$2,118.68
2nd payment$0.00$0.00
Taxes / mo$419.83$419.83
Insurance / mo$150.00$150.00
MI / mo$172.81$61.20
HOA / mo$75.00$75.00
Total monthly$3,183.49$2,824.72
Cash to close$0$34,000