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$353,376$279,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate6.780%7.400%
Blended rate7.330%7.640%
1st payment$2,385.31$1,931.74
2nd payment$0.00$0.00
Taxes / mo$311.42$311.42
Insurance / mo$150.00$150.00
MI / mo$168.04$55.80
HOA / mo$110.00$110.00
Total monthly$3,124.77$2,558.96
Cash to close$0$31,000